{"id":85157,"date":"2026-09-03T09:28:10","date_gmt":"2026-09-03T09:28:10","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/85157\/"},"modified":"2026-09-03T09:28:10","modified_gmt":"2026-09-03T09:28:10","slug":"japanese-yen-intervention-jitters-linger-ing-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/85157\/","title":{"rendered":"Japanese Yen: Intervention jitters linger \u2013 ING"},"content":{"rendered":"

Chris Turner at ING notes that a near 1% drop in USD\/JPY within minutes, followed by another slide, sparked talk of renewed Japanese intervention after the Bank of Japan\u2019s earlier $96 billion sales. Authorities appear satisfied with price action, but Turner says a likely Fed hike in mid-September should keep USD\/JPY supported unless the Bank of Japan turns much more hawkish.<\/p>\n

Authorities watch sharp Yen moves<\/p>\n

“The near 1% fall in USD\/JPY over a couple of minutes yesterday afternoon, and another slide overnight, sparked talk of another round of intervention.”<\/p>\n

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights<\/a><\/p>\n

“This follows the $96bn sold by the Bank of Japan in late July\/early August. Traders seemed to doubt that this was an intervention, given the lack of dislocation in the FX electronic matching systems at the time.”<\/p>\n

“US and Japanese authorities must be satisfied by yesterday\u2019s price action and keen to encourage a sense of urgency for those long USD\/JPY and EUR\/JPY above 160 and 186, respectively.”<\/p>\n

“That said, a Fed hike in mid-September looks likely to keep USD\/JPY relatively bid this month and any sustainable turn lower in USD\/JPY now probably requires a much more hawkish Bank of Japan and some new initiatives to encourage domestic investment in Japan.”<\/p>\n

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)<\/p>\n","protected":false},"excerpt":{"rendered":"Chris Turner at ING notes that a near 1% drop in USD\/JPY within minutes, followed by another slide,…\n","protected":false},"author":2,"featured_media":85158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3073,3074,8,17,3072,3075],"class_list":["post-85157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-cfd","tag-forex","tag-japan","tag-japanese","tag-tmgm","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/85157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=85157"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/85157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/85158"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=85157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=85157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=85157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}