Intervention risk seen limiting yen losses, market talk
MUFG’s Lee Hardman says expectations for potential additional Bank of Japan currency intervention could help curb yen losses after Friday’s BOJ policy decision. He also cites reports of a BOJ rate check signaling policymakers are prepared to intervene again.
MUFG Bank’s Lee Hardman said the prospect of further currency intervention to support the Japanese yen should help limit its losses after Friday’s Bank of Japan policy decision. He said reports that the BOJ carried out a rate check suggest policymakers are prepared to intervene again.