Unresolved
USD/JPY will retest the 160 handle within four weeks unless the Bank of Japan commits to a September rate hike.
The historic joint US-Japan intervention, which pulled the pair from a 40-year low of 163.73 to below 158, is a containment exercise that cannot hold without genuine policy tightening.
The historic joint US-Japan intervention, which pulled the pair from a 40-year low of 163.73 to below 158, is a containment exercise that cannot hold without genuine policy tightening.