FX
G10 FX Weekly: MoF Must Act on USD/JPY as Talk Is Cheap (and Ineffective)
Richard Jones
Summary The Japanese Ministry of Finance (MoF) has continued verbal intervention, warning the market it is unhappy with USD/JPY price action and is prepared to push back against the JPY selloff. USD/JPY has continued rallying this week, breaking 154 for the first time in 34 years. The US Dollar Index (DXY) has had its strongest […]