Dollar's Gains Vs. Yen Capped by Increased Vigilance over FX Intervention

Dow Jones06-29 15:16

0716 GMT - The dollar's gains against the yen continues to be capped by increased vigilance over FX intervention by Japanese authorities, four analysts of Nomura's Global FX Strategy say in a research report. "Based on past intervention episodes, though we note the sample size is extremely limited, we are mindful about MOF intervention becoming increasingly likely, as USD/JPY approaches the 163 level," they say. The analysts estimate 163 level based on data from two rounds of yen-buying intervention within the same year in both 2022 and 2024. The dollar is little changed at 161.79 yen, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 03:16 ET (07:16 GMT)

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