TD Securities: The Possibility of Joint US-Japan Intervention in the Foreign Exchange Market Seems High
According to Golden Ten Data on July 2, the macro research team at TD Securities stated in a research report that the likelihood of a joint US-Japan intervention in the foreign exchange market to support the yen appears to be quite high. The team noted that, during an interview on Wednesday, Japan’s top foreign exchange official, Masato Kanda, repeatedly mentioned the United States, intending to signal to markets that US officials might agree to bilateral intervention, which would constitute a stronger form of forex intervention. The team stated: “In this scenario, the decline of USD/JPY may far exceed the typical five big figures observed during previous unilateral interventions.” TD Securities believes that Masato Kanda’s remarks were deliberately intended as a clear warning to yen speculators, cautioning them not to push USD/JPY below 163.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BoE’s Greene says it is appropriate to proactively tighten our monetary policy stance
CoreWeave plans to issue at least $4 billion in investment-grade loans, falling nearly 6% after hours
According to Bloomberg, CoreWeave is seeking to refinance at least 4 billion USD through an investment-grade loan, led by Morgan Stanley and Mitsubishi UFJ, with a syndication roadshow expected to start as soon as next week. This financing continues the structure of using Nvidia chips and customer contracts as collateral, with the yield on the issuance anticipated to be around 7% to 7.5%, much lower than its junk bond yield. Following the news, CoreWeave's shares fell nearly 5.8% after hours.
Outperformed the S&P by 19.2 percentage points in one month: Berkshire (BRK.B) achieves its highest monthly relative advantage since 2010, second only to the 2008 financial crisis
As the AI trading boom subsides and technology stocks waver, one of the market’s oldest “safe havens” has once again proven its value. Berkshire Hathaway (BRK.B) has just recorded one of its most notable relative gains in over a decade.
Crypto prices
More
