To help keep track of escalation on verbal intervention that would come before actual ‘rate cheks’ and then USD/JPY selling out of the Bank of Japan, here’s a guide:
- The clear signals to watch for imminent Bank of Japan FX yen intervention
- Here’s what to watch for to warn of imminent Bank of Japan (BOJ) yen intervention
I wrote those posts last year but they are still relevant.
Kanda’s yen phone 😉
This article was written by Eamonn Sheridan at www.forexlive.com. Source