Reported 8 months ago
Traders are cautious about Japan's potential intervention in the yen before Friday's US inflation data release, as the yen weakens against the dollar. Despite the currency's 12% decline this year and the risk of breaching the 160 level, Japanese officials have only issued verbal warnings this week. The decision to intervene will likely be based on the upcoming Personal Consumption Expenditures data and the interest rate gap between Japan and the US, with a potential move expected on a less liquid Friday afternoon if needed.
Source: YAHOO