💹 U.S.-Japan Currency Intervention on the Horizon?
According to Masahiko Loo, Senior Fixed Income Strategist at State Street Global Advisors, the chances of a joint U.S.-Japan move in the currency markets are rising! 🇺🇸🇯🇵
🗓️ Loo points to Friday’s interest rate check by Japan’s Ministry of Finance as a key signal — historically, these checks often precede action.
⚠️ Warning: If authorities don’t act, speculative pressure on the yen could intensify, testing the market’s patience.
📌 Key level to watch: ¥162 — the rate where the last intervention took place.
Stay alert, traders! The yen could be in for some turbulence ⛈️💱
Trade here 👇
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