ICYMI - Citi base case is for no USD/JPY intervention before 160 ...Middle East

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ICYMI - Citi base case is for no USD/JPY intervention before 160
source : forex live ( Middle East ) () 34
Spotted a view from Citi on the news wires. Citi Research anticipates that the Japanese government might intervene to support the yen if the USD/JPY exchange rate reaches the 160.00–165.00 range. Citi's expectations were from before remarks from Bank of Japan (BoJ) Governor Kazuo Ueda on Monday,.More:Ministry of Finance (MoF) may be preparing for intervention, but Japan's financial authorities are likely to prioritize a potential rate hike by the BoJ if circumstances allow. Citi believes intervention is unlikely unless USD/JPY surpasses 160.00. If this threshold is crossed, the probability of the BoJ raising rates to 0.5% at its Dec. 18-19 meeting increases. In this case, senior BoJ officia

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