FXY - FXY: Japanese Officials Warn Of Interventions Again

2024-02-16 23:47:33 ET

Summary

• The Japanese Yen continues to be weak against major global currencies due to the Bank of Japan's negative interest rates policies and high inflation.
• However, with the Bank of Japan and government officials threatening intervention, ¥150 could be a resistance level for the next few months.
• In the long run, unless the BOJ pivots off its zero interest rate policies, the path of least resistance for the Yen is lower.

Since I am planning a trip to visit Japan in the next few months, it's a good idea to take the temperature on the Japanese Yen, to see if I should exchange some currency ahead of the time....

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