_1777294237270_124456903.png&w=64&q=75){kind=small}
City dismisses euro-yen rise amid intervention fears
A research memo from Citibank indicates that Japanese authorities expect to intervene in the currency market around the 160 yen per dollar level, aiming to push the USD/JPY exchange rate below 155 yen. This comes amid pressures from rising interest rates and the increasing strength of the yen. The report projects that the EUR/JPY pair could decline to about 170 yen over the next year, particularly as stock markets continue to recover and risk appetite grows. However, there are potential downside risks for the AUD/JPY pair, which could fall toward 105 yen per Australian dollar. Japanese authorities continue to manage currency volatility through direct intervention and monetary policy measures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)