Rabobank: Intervention Talk Grows as USD/JPY Nears Old Highs

Rabobank Senior FX Strategist Jane Foley notes that market chatter about potential Japanese intervention is intensifying. USD/JPY is trading near levels that have previously prompted action from the Ministry of Finance.

The remarks come as the yen remains under pressure despite recent hawkish signals from the Bank of Japan. Intervention talk alone has sometimes been enough to slow moves, but actual intervention would require a coordinated effort.