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Apr 08 - 12:55 PM

USD/JPY: BoJ Intervention Unlikely With USD/JPY Trading Below 130 Or Even 140 - ING

By eFXdata  —  Apr 08 - 10:45 AM

ING Research discusses USD/JPY outlook and sees a scope for further gains over the coming weeks.

"There’s an ongoing debate on whether the Bank of Japan will step in with FX interventions after Japanese politicians expressed concerns about the yen's volatility. We think that interventions are unlikely with USD/JPY trading below 130 or even 140," ING notes. 

"We think that fast tightening by the Fed, a deteriorating Japanese balance of payment position and a dovish BoJ will continue to keep USD/JPY supported this year, and any bearish correction may not prove sustainable," ING adds. 

Source:
ING Research/Market Commentary

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