May 29, 2024 06:15 GMT
JPY Demand Seen, Although Fades From Extremes
JPY
JPY demand seen, with USD/JPY trading towards 156.90, before a recovery to ~157.10.
- Nothing hawkish in the latest round of comments from BoJ board member Adachi, with no obvious fundamental trigger crossing.
- The move doesn't look big enough for Japanese MoF intervention, but the potential for such action is clearly still on participants' minds.
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