I posted earlier on the l;evel to watch according to NAB:
More from NAB on the yen:
- Japan, is … (engineering) a lower currency.
- The move up in core yields alongside improvement in (equity) risk appetite are supporting a weaker JPY given the BoJ ultra-easy policy.
- We are now approaching FX intervention territory with the market bracing for an MoF announcement as an when USD/JPY climbs above ¥145.
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Reminder if you haven’t seen this yet:
This article was written by Eamonn Sheridan at www.forexlive.com. Source