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Rabobank: Expectations for intervention in the yen on Friday are high, but may have little effect.

金色财经_
Jinse Finance reports that on July 1, Rabobank analyst Jane Foley said that market speculation that Japanese officials may take advantage of the thin trading during the U.S. holiday on Friday to intervene in the yen is heating up. In fact, Japanese officials taking no action might be even more surprising. She stated that further intervention seems inevitable, but intervention alone is unlikely to be enough to change the market's negative view of the yen. The yen's weakness is partly due to the strength of the U.S. dollar, but the rise in Japanese stocks may prompt foreign investors to strengthen protective measures against the risk of yen depreciation.
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