Japanese Yen Intervention Risk Near 160 Highlighted by DBS
DBS Group Research's Philip Wee says markets remain focused on Japan's struggle to support the yen, with intervention risk highlighted near 160.
USDJPY
Philip Wee of DBS Group Research noted that market attention remains on Japan's struggle to support the Japanese yen, with possible intervention risk highlighted near the 160 level against the dollar.
He also said markets are underplaying broader dollar dynamics while concentrating on the yen's weakness.
The remarks point to continued sensitivity around USD/JPY and the potential for official action if the pair approaches key levels.
Source: FXStreet Forex News