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Oct 24 - 07:55 AM

USD/JPY - Rebounds After More Intervention Suspected In Asia

By Martin Miller  —  Oct 24 - 05:40 AM
  • Japan likely spent around $36 bln for Oct 21 FX intervention nT9N30S02E

  • Fri's intervention caused a drop from 151.94 to 144.50, before rebounding

  • Yen whipsawed on further suspected intervention on Monday nL4N31O0S5

  • USD/JPY saw a 145.28-149.70 (EBS) range in the space of 11 minutes in Asia

  • Spot's rebound could see a rise above a key 150.18 Fibo nL1N31P0EC

  • Intervention does USD/JPY bulls a great favour nL1N31O0JMnL4N31O0S5

  • Unfazed by yen's slump, BOJ seen keeping ultra-low rates nL4N31P0J5

  • EUR/JPY to climb with USD/JPY

Source:
Refinitiv IFR Research/Market Commentary

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