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Oct 19 - 11:55 PM

USD/JPY - Suzuki-Speak But USD/JPY Still Bid, BOJ Ops To Cap Rates

By Content Admin  —  Oct 19 - 10:50 PM
  • Japan FinMin Suzuki again over wires today with verbal intervention

  • Emphasizes importance of currency stability, ccys must reflect fundamentals

  • Currency rates set by various factors, no comment on levels, response

  • Middle East conflict adding to uncertainties over global, Japan economies

  • Nothing new in comments, caution but most still see no real FX action

  • Separately, BOJ continuing with operations to cap JGB yields

  • Yields up marginally, JGB 10s to fresh 0.870% yesterday, today @0.837%

  • On Suzuki nP8N3B304I, BOJ ops nL1N3BQ036, nP8N3B304G

  • Related comments nL1N3BM060, nL1N3BO014, for more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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