Intervention results of 11.73 trillion yen reset to zero! 40-year low point is within sight, triggering a new round of currency intervention by the Japanese government at the point of 161.95 yen.
The Wisdom Financial APP has learned that forex market traders focusing on the Japanese yen are preparing for the currency to reach its weakest level against the US dollar in forty years. Many traders believe that this trend will be the next key threshold for intervention by the Japanese Ministry of Finance. The next key milestone for the yen may be the USD/JPY rate reaching 161.95, breaking this level would bring it down to its lowest level since December 1986. Many market participants, including forex traders, believe that the yen moving towards the next key threshold is inevitable without intervention from the Japanese government.
Latest
1 m ago

