On USD/JPY towards 145: "We are now approaching FX intervention territory "

<p>I posted earlier on the l;evel to watch according to NAB:</p><ul><li><a href="https://www.forexlive.com/centralbank/145-150-in-usdjpy-nominated-as-the-area-to-watch-for-bank-of-japan-yen-intervention-20230627/" target="_blank" rel="follow" data-article-link="true">145-150 in USD/JPY nominated as the area to watch for Bank of Japan yen intervention</a></li></ul><p>More from NAB on the yen:</p><ul><li>Japan, is … (engineering) a lower currency. </li><li>The move up in core yields alongside improvement in (equity) risk appetite are supporting a weaker JPY given the BoJ ultra-easy policy.</li><li>We are now approaching FX intervention territory with the market bracing for an MoF announcement as an when USD/JPY climbs above ¥145.</li></ul><p>—</p><p>Reminder if you haven't seen this yet:</p><ul><li><a href="https://www.forexlive.com/centralbank/the-4-phrases-from-japanese-officials-to-listen-for-signalling-imminent-yen-intervention-20230606/" target="_self" rel="follow">The 4 phrases from Japanese officials to listen for signalling imminent yen intervention</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.