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No Confirmation Either Way of Suspected JPY Intervention

JPY
  • JPY remains considerably firmer on the day, with USD/JPY taking out numerous levels of support. USD/JPY trades lower by 1.3% on the day, while EUR/JPY holds losses of 1.1%.
  • Support now scant until Oct 14 lows of 147.06 ahead of the 20-day EMA at Y146.52. Below there, 144.72/143.53 mark the lows from Oct 7 / 5
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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