USD/JPY: Yen’s oversold conditions and threat of interventions a to exacerbate any downside corrections – ING

FXStreet Insights Team FXStreet

USD/JPY is trading on the soft side. Economists at ING analyze the pair’s outlook.

Missing enough volatility to worry Japanese officials

Incidentally, the pair is well into FX intervention territory but is probably missing enough volatility to worry Japanese officials.

Still, the oversold conditions of the Japanese Yen and the threat of interventions are likely going to exacerbate any USD/JPY downside corrections.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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