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FX Daily: Japan’s 2026 FX intervention campaign begins
May 1, 2026
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Posted 3 hours ago by
Market participants widely believe that Tokyo authorities intervened in USD/JPY yesterday. This marks the first action of what could be a long campaign to keep USD/JPY under 160 this year. Elsewhere, financial markets remain happy to ignore the stagnation part of this stagflationary shock as US earnings perform well. Yet, the dollar can hold gains
ING Think
Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.
Netherlands
Bias: center
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