This week’s ZAiFX! FX column covered movements in USD/JPY after the intervention and developments announced by the U.S. Treasury on 19 August. USD/JPY temporarily rebounded to the upper ¥159 range after the intervention.
USD/JPY temporarily rebounded to the upper ¥159 range after the intervention. The article focuses on foreign-exchange movements after the intervention as the key point of this week’s column.
It refers to the U.S. Treasury’s disclosure of related developments on 19 August (Wednesday) and comments on the outlook. It concludes that further updates are awaited.