Yen breaches 145 mark against the dollar, prompting expectations of BOJ intervention
Publishing timestamp: 2023-08-14 01:07:10
Summary
The article discusses the weakening of the Japanese yen and the strengthening of the US dollar. HSBC believes that the Japanese Ministry of Finance will intervene to push back the yen in the 145-148 range. If they do not intervene, short positions on the yen may be rebuilt. The article also mentions that the US dollar is supported by high longer-end US yields. Japan's GDP numbers for the second quarter and inflation numbers for July are also mentioned.
Sentiment: NEUTRAL
Tickers: JP10Y-JP, HSBA-GB, .DXY, JPY=,
Keywords: dxy us dollar currency index, u.s. dollar, usd/jpy, asia economy, economic events, interest rates, currency markets, business news, japan, united states, prices, japan 10 year treasury, hsbc holdings plc,