USD/JPY to quickly target 145.00 if US data further validate Fed hawkishness – Credit Suisse
|Economists at Credit Suisse discuss USD/JPY outlook after the pair broke above the 140 level.
Verbal intervention alone unlikely to turn the USD/JPY’s upward trajectory
As for USD/JPY, spot’s move above 140 finally elicited a response from the authorities. While this led to a reversal in USD/JPY back below 140.00, it is doubtful that verbal intervention of this kind alone is likely to turn the pair’s upward trajectory.
If US data further validate Fed hawkishness this week we can see USD/JPY quickly target 145.00, at which point the risks of actual intervention ahead of the next BoJ meeting would multiply.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.