USDJPY at 160+: BOJ Silence Raises Intervention Questions

Jun 12

USDJPY at 160+: BOJ Silence Raises Intervention Questions

Back when USDJPY was below 160, they made a lot of comments about currency intervention.

In fact, we haven’t heard anything new from the BOJ for two weeks now that USDJPY is at 160.50 and has crossed their 160 threshold.

On Tuesday, June 16, market participants are expecting the BOJ to raise interest rates again. Their current rate is 0.75% and there is room for an increase, but their monetary policy is a bit different from other countries.

It is possible that the BOJ will wait to see how the market reacts during the BOJ meeting before intervening in currency. If USDJPY doesn’t move on Tuesday from the rate hike, it is possible that they could intervene in currency.

Or they may not raise interest rates, but they could intervene in currency.
However, it remains to be seen why this silence is not so good.

You can find more details on the chart.
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Jun 17

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