On December 27, analyst Robert Howard said that before and after the inauguration of US President-elect Trump next month, if the Japanese authorities decide to intervene in the strengthening of the yen, he is unlikely to complain. Trump wants countries to buy more from the United States, so any move to make American exports more competitive should satisfy him. Japanese Finance Minister Katsunobu Kato reiterated concerns about the yen's decline on Friday, saying that Japan "will take appropriate measures to prevent excessive fluctuation." Katsunobu's comments came shortly before USDJPY hit a five-month high of 158.09. If USDJPY rises to 160, there will be an increased risk of Japanese yen buying intervention. The last time SPOT was at or above 160 was in July, when it rose to a 34-year high of just under 162, prompting Japan to intervene by buying yen. Trump will be sworn in on Jan. 20, just four days before Japan's Central Bank's next Intrerest Rate decision.
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HoldUntilTheEndOfTh
· 2024-12-27 10:28
That means: there is a great chance for the Japanese Yen to rise! I've been trapped in shorting USD/JPY for a while, it's really tough!
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PleaseCallMeBrotherS
· 2024-12-27 10:05
Simply put, "trade with a plan, not with prayers." Because luck will fade, but skills will always be with us! #crypto # Btc #bitcoin
Analyst: Trump is unlikely to oppose yen intervention
On December 27, analyst Robert Howard said that before and after the inauguration of US President-elect Trump next month, if the Japanese authorities decide to intervene in the strengthening of the yen, he is unlikely to complain. Trump wants countries to buy more from the United States, so any move to make American exports more competitive should satisfy him. Japanese Finance Minister Katsunobu Kato reiterated concerns about the yen's decline on Friday, saying that Japan "will take appropriate measures to prevent excessive fluctuation." Katsunobu's comments came shortly before USDJPY hit a five-month high of 158.09. If USDJPY rises to 160, there will be an increased risk of Japanese yen buying intervention. The last time SPOT was at or above 160 was in July, when it rose to a 34-year high of just under 162, prompting Japan to intervene by buying yen. Trump will be sworn in on Jan. 20, just four days before Japan's Central Bank's next Intrerest Rate decision.