ICYMI – What to look at in Japanese feedback for USD/JPY promoting intervention getting nearer

I posted earlier that Japan’s Ministry of Finance (and the Financial institution of Japan) might be eyeing the US CPI report for the prospects of JPY intervention, if CPI surprises to the topside it will spur USD/JPY shopping for and delay potential intervention to help the yen (on the margin):

I am in all probability overststaing it and the CPI will are available roughly as anticipated and we’ll all return to ready for the subsequent potential catalyst. However, if not, right here is a few data that may are available helpful if intervention to help the yen attracts shut:

To assist maintain observe of escalation on verbal intervention that might come earlier than precise ‘charge checks’ after which USD/JPY promoting out of the Financial institution of Japan, this is a information:

I wrote these posts final 12 months however they’re nonetheless related.

USD/JPY replace. Large pink traces are my try at technical evaluation. The factor appears to be like to me like its going greater:

This text was written by Eamonn Sheridan at