"Yen Weakens as Japan’s Verbal Warnings Appear to Be Losing Effectiveness" ...Middle East

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Yen Weakens as Japan’s Verbal Warnings Appear to Be Losing Effectiveness
source : forex live ( Middle East ) () 51
A snippet from the Wall Street Journal on the lower yen in Tokyo trade so far today./ In brief:yen weakensJapanese authorities’ verbal warnings appear to be losing effectivenessCiting CBA analysts:Market reaction to Japanese Finance Minister Kato’s comments on Tuesday was much smaller compared with Friday“If words cease to have the desired impact, it may take action from the Ministry of Finance to get the desired impact on the JPY,” risk of market intervention by Japanese authorities to support the yen at any time***Other analysts are not warning o yen intervention at any time, eyeing 160 as the trigger level:ICYMI - Citi base case is for no USD/JPY intervention before 160USD/JPY 160 level -

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