USD/JPY Analysis

• The Japanese Finance Minister Suzuki seeks to be ‘fully prepared’ regarding FX moves
• USD/JPY continues into the danger zone, approaching 155.00
• Get your hands on the Japanese Yen Q2 outlook today for exclusive insights into key market catalysts that should be on every trader's radar:

Japanese Finance Minister Suzuki Seeks to be ‘Fully Prepared’ Regarding FX Moves

A simple, equal weighted index measuring the performance of the Japanese yen revealed a broad decline in the currency versus a basket of major currencies. The yen got the week off to a bad start, eliciting a response form the Japanese Finance Minister Suzuki. Mr Suzuki mentioned, “I want to be fully prepared” regarding forex moves and is closely monitoring forex moves.

Previously, Japan’s former currency official Watanabe mentioned that authorities are more likely to consider FX intervention at a level of 155.00 on USD /JPY. Officials have mentioned many times that they are not targeting specific levels but instead monitor undesirable, volatile moves (depreciation).

Japanese Yen Index (Equal Weighting of GBP/JPY , USD/JPY, EUR/JPY and AUD/JPY ))