Fundamental Analysis
Posted 2 hours ago
JPMorgan: Short Yen Positioning to Persist Despite BoJ Intervention
JPMorgan believes short yen positions near two-year highs won't unwind significantly even if the BoJ hikes rates and authorities intervene. Intervention risk rises if USD/JPY breaks above 160.72 toward 161.95. Unlike July 2024's surprise moves, potential BoJ action and FX intervention are already priced in, limiting impact on yen positioning and reducing chances of sharp rally.
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