July 12, 2024 at 04:23PM
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.
This article was written by Adam Button at www.forexlive.com.
Japan’s Kanda: Won’t say whether intervention was conducted or not