ING Warns of Elevated Yen Intervention Risk on US Holiday Liquidity
ING strategist Francesco Pesole flags heightened risk of Japanese FX intervention amid thin US holiday liquidity, noting that an initial drop in USD/JPY may have already involved official action.
USDJPY
ING's Francesco Pesole commented on the risk of Japanese yen intervention, noting that an initial move lower in USD/JPY may have already involved FX intervention by Japanese authorities.
With US holidays thinning market liquidity, Pesole sees an elevated risk of further Japanese action, consistent with past patterns of intervention during low-volume periods.
This highlights the ongoing vulnerability of the yen to sudden official moves when trading conditions are thin.
Source: FXStreet Forex News