Japan’s Kanda: Won’t say whether intervention was conducted or not

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Japan’s Kanda: Won’t say whether intervention was conducted or not

Won't say whether forex intervention was conductedWon't say whether a rate check was conductedCan't ignore the fact that there was a one-sided specula

  • Won’t say whether forex intervention was conducted
  • Won’t say whether a rate check was conducted
  • Can’t ignore the fact that there was a one-sided speculative move

USD/JPY is trading down 100 pips to 157.80 today and it looks like there was at least one round of intervention in the second day of action.

USDJPY 10 m

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