eFX Apex
The Institutional-Grade Data Hub
- Plus: Discretionary Trades
- Edge: Sentiment Trades
- Alpha: Systematic Trades
- Apex: Full Big Data Stream
May 14 - 07:55 AM
–
USD/JPY - Japan Only Taking Action To Stop USD/JPY From Rising Which May Not Stop Yen From Dropping
By Jeremy Boulton — May 14 - 05:41 AM
• Intervention has been focused on USD/JPY
• It is the trade-weighted yen that is weak not USD/JPY
• USD/JPY currently 158 was 360 in 1970
• In contrast the trade-weighted fell to a record low in March
• Monetary policy clearly remains too loose undermining yen
• There are five currencies of particular concern
•
Trade-weighted yen. USSD/JPY and the dollar index
(Jeremy Boulton is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters