Yen Rises Sharply With Traders on Intervention Watch
USD/JPY is likely to extend lower this week as the US and Japan gang up to hammer home the message that the yen’s declines had gone far too far. Bloomberg's...
By Bloomberg Markets · Bloomberg Markets
USD/JPY is likely to extend lower this week as the US and Japan gang up to hammer home the message that the yen’s declines had gone far too far. Bloomberg's MLIV Strategist Mark Cranfield breaks down the mechanisms at play as Japan reports first joint intervention with US in currency markets in 15 years. (Source: Bloomberg)