At which USD/JPY level do you think will the BOJ intervene?
I'm looking at 110.00. It's a good support level with plenty of potential momentum.
Maybe 105.00? The BOJ can afford to let USD/JPY slide a little bit lower
I don't know. But I know they will. It's in their mandate to keep the currency steady.
They shouldn't intervene at all. It won't help the yen and they'll only waste their money.
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