Japanese Yen futures hit 40-year lows ahead of BOJ meeting.
Bob Iaccino of Path Trading Partners discusses the recent price action in September Japanese Yen futures as the market trades near a 40-year low. After falling 5.98% since the cycle high on May 6 and closing lower in 10 of the last 11 weeks, market participants remain alert to potential official action. Iaccino highlights recent comments from Finance Minister Satsuki Katayama signaling a readiness to intervene if necessary. He also looks ahead to the upcoming Bank of Japan policy meeting, where officials are widely expected to hold the benchmark rate at 1%, with economists largely projecting December as the most likely timing for the next rate hike.
Bob Iaccino of Path Trading Partners discusses the recent price action in September Japanese Yen futures as the market trades near a 40-year low.
After falling 5.98% since the cycle high on May 6 and closing lower in 10 of the last 11 weeks, market participants remain alert to potential official action.
Iaccino highlights recent comments from Finance Minister Satsuki Katayama signaling a readiness to intervene if necessary.
He also looks ahead to the upcoming Bank of Japan policy meeting, where officials are widely expected to hold the benchmark rate at 1%, with economists largely projecting December as the most likely timing for the next rate hike.