Japan’s top currency diplomat Masato Kanda confirmed this Thursday that the government has intervened in the FX market, which, in turn, prompts aggressive short-covering around the JPY. This, to a larger extent, overshadows the Bank of Japan’s dovish stance and turns out to be a key factor exerting heavy downward pressure on the GBP/JPY, USD/JPY, CHF/JPY across. It is worth recalling that the Japanese central bank decided to leave its policy settings unchanged and vowed to keep purchasing bonds so that 10-year yields remain pinned at zero.
WHERE TO CONTACT US
Website : www.forextrade1.com
Twitter : www.twitter.com/forextrade11
Telegram : telegram.me/ftrade1
Whatsapp : https://wa.me/971501737587
Facebook : www.facebook.com/Forextrade01
Instagram : www.instagram.com/forextrade1
YouTube : www.youtube.com/ForexTrade1
Skype : forextrade01@outlook.com
Email ID : info@forextrade1.com
Discord : https://discord.gg/vEk98ZvrHP