USD/JPY: It remains dangerous to bet on the patience of the MOF – Commerzbank
|FX analysts are currently spellbound by the question of whether USD/JPY will breach the 150 mark. Economists Commerzbank analyze the pair’s outlook.
The magic level of 150 in USD/JPY
I feel sympathetic towards market participants who are not agonizing about interventions, but that is easy for me to say. Many had the idea of betting against the MOF in the 1990s and early 2000s, and many got burned.
It remains dangerous to bet on the patience of the MOF. In particular, as Minister of Finance Shunichi Suzuki is increasingly tightening the screw of verbal interventions. The MOF was ‘watching FX carefully with a sense of urgency’, he pointed out.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.