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OCBC Bank Strategist Moh Siong Sim: Given that joint action with the US is still ongoing, if a stop-loss order is triggered, USD/JPY may fall below 155. But whether the intervention can successfully reverse the weakening yen depends on whether the intervention complements or replaces the Bank of Japan's more hawkish stance.
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OCBC Bank Strategist Moh Siong Sim: Given that joint action with the US is still ongoing, if a stop-loss order is triggered, USD/JPY may fall below 155. But whether the intervention can successfully reverse the weakening yen depends on whether the intervention complements or replaces the Bank of Japan's more hawkish stance.
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