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JPY intervention – unilateral or joint will be key

April 30, 2026
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Posted 3 hours ago by

NORTH AMERICA: High oil prices, the Bank of Japan's hesitation to hike, and a slightly hawkish FOMC have all driven USD/JPY above 160 this week. Japan's Finance Minister is threatening that FX intervention is imminent. But unless the US Treasury gets involved in joint intervention, any Japanese intervention will not depress USD/JPY for long

ING Think
ING Think

Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.

Netherlands
Bias: center

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