CoinWorld news: Macquarie Group expects that Japanese authorities may be preparing for new foreign exchange intervention, but might only act when USD/JPY rises to around 165. The institution also believes that any forex market intervention may wait until after today's U.S. nonfarm payrolls data release. Macquarie stated: "If the nonfarm data is weak, it could create optimal conditions for intervention to maximize its effect. Conversely, if action is taken today and subsequently strong nonfarm data drives broad dollar strength, that would be a waste of 'bullets.'"

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EchoesOfRollup
· 1h ago
165 is an interesting level, and the market is guessing where the psychological bottom line of Japan's Ministry of Finance really lies.
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MemeFisher
· 2h ago
Macquarie is playing it smart, waiting for the non-farm payroll results before making a move, so as not to waste ammunition.
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