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  • Japan FX Diplomat Kanda: There May Be Cases Where We May Conduct Stealth Intervention

Added at 12:41am

Added at 12:45am

  • Japan's Kanda: We haven't intervened in the market

    From forexlive.com

    There may be cases where we may conduct stealth intervention. • We cannot tolerate excess volatility, disorderly FX moves. • Always on standby for in case there is a need for action. • Recent FX moves have been rapid. The headline remark is a bit contradictory as he also says that they won't necessarily comment on whether there has been any intervention. I mean c'mon, make up your mind as to which it is. Pfft. Anyway, he also doesn't provide any comment on rate checks for today after having seen USD/JPY quickly turn tail on a push above 145.00 earlier. All in all, the comments here aren't anything we haven't ... (full story)

You are thinking of intervention but what are doing for your currency to improve? Your currency is being valueless due to its negative performance.
when? May be 150>155>160?
Now its all about 145, we have to clear this out confidently, then 147.5 is the next. Then may be we can see some intervantion?
USD/Cad is also performing well in a long way towards 1.46672
i thinksome time next week will hit the speculators hard. then it will margin them out. they all know the stops
same before talking intervension ,but nothing hapen with yen
As long as Fed keeps agressively raising rates and BOJ keeps rates at -0.10% it is hard to see how any intervention can have any meaningful effect other than to deplete foreign currency reserves in such a quixotic endeavour.
Quoting yudis07
same before talking intervension ,but nothing hapen with yen
CHF/JPY has dropped 600pips in less than 60 minutes
Coordinated work from BOJ and SNB by the look of it.
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  • Posted: Sep 22, 2022 12:35am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 9  /  Views: 4,244