Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Oct 23 - 07:55 PM

USD/JPY - Rallies Early But Intervention Fears Limit Upside

By Krishna K  —  Oct 23 - 06:20 PM
  • USD/JPY rallies 0.85% in early Asia but traders remain on intervention watch

  • Upside likely limited after Japan intervened in FX market FridaynL1N31N03R

  • MOF intervened for 2nd time in a month after JPY hit a 32-year low near 152

  • Japan made intervention of at least $30bn to prop up yen - FT nFtn25CrRt

  • Fed rate debate shifts to how, and when, to slow down; will also cap upside

  • Friday global range 151.94-144.50; Monday Asia range 147.49-149.00

  • Resistance 149.00-10, 149.50, 150.00-10, support 147.50-60, 146.60-70

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!