- Recently there has been a one-sided rise in the currency.
- No comments on specific forex levels
- But it is important for the currency to move in a stable manner reflecting its fundamentals
- Following FX movements closely with a high sense of urgency
- The weak yen is contributing to cost-driven inflation to some extent
- Won’t deny that weak yen has more disadvantages than advantages
Some verbal interventions in an attempt to weaken the yen currency. USD/JPY is currently just off the high of 154.58 from around 154.75 earlier, but is still holding steady. As has been the case, such verbal interventions function more as speedbumps rather than actual barriers.
This article was written by Justin Low on InvestingLive.com.
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