Derived Data That Drive Results
By Martin Miller — Aug 15 - 03:45 AM
USD/JPY continues to rise, hits a new 2023 high at 145.85, on Tuesday
Japan Fin Min: not targeting absolute levels on FX intervention nL1N39W0FG
Fin Min Suzuki: to respond appropriately to excessive moves nT9N37M03Y
Top FX diplomat Kanda: monitoring with high sense of urgency nP8N39C021
Recall Japan intervened last September when USD/JPY exceeded 145
Chart shows USD/JPY likely to soar nL1N39W0HB, nL1N39V0QT, nL1N39V0G7
EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.70
Weekly Chart: Click here
Correlation Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary
