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JPMorgan sees Japan’s threshold for yen intervention at around 150 yen per dollar

Adel 21 August, 2023 4:07 pm Forex Market, Market Update

The yen was trading at 145.87 to the dollar on Monday, having been as weak as 146.56 last week.

“We think that the MoF (Ministry of Finance Japan) will not intervene in the FX market at around (the) 145 level. Our threshold level of JPY buying intervention is around 150,” they said in a note.

JPMorgan’s analysts added that the fundamental conditions in the Japanese economy had been improving since the last time the MoF intervened to lift the yen last year.

“Intervention needed is not as acute as in the September and October intervention cases,” they said.

Accodring to Reuters.

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