Core Viewpoint - The USD/JPY exchange rate experienced significant volatility, reaching a nine-month high of 154.47 before a sharp decline due to verbal warnings from Japanese Finance Minister Shunichi Suzuki, indicating rising risks of currency intervention [1] Group 1: Market Reactions - The USD/JPY fell nearly 100 points, trading at 153.1800 after previously rising by 0.33% [1] - Market participants are increasingly aware of the potential for Japanese government intervention in the currency market, although many believe that the likelihood of actual intervention in the short term remains low [1] Group 2: Institutional Perspectives - Goldman Sachs and Bank of America both noted that the immediate risk of yen intervention is low, even if the yen approaches the critical level of 155 JPY per USD [1] - Goldman Sachs predicts that intervention risks will significantly increase if the USD/JPY reaches the 161-162 range, while Bank of America suggests that the exchange rate may first test 158 JPY per USD before any policy response is triggered [1] Group 3: Technical Analysis - The USD/JPY broke above the resistance level of 153.25-153.30 and stabilized above 154.00, which is seen as a key signal for a bullish trend [2] - If the exchange rate falls below the 154.00 level, it could undermine the recent bullish outlook and push the rate towards the 153.10-154.00 support range [2]
日本财务相震慑市场 日元强势重挫美元多头
Jin Tou Wang·2025-11-05 03:27