Japan tempers yen warnings despite renewed slide towards key 160 level - Reuters
FX
Japan is tempering its verbal intervention warnings even as USD/JPY slides back toward the psychologically critical 160 level, signaling less aggressive defense than markets anticipated. This creates a one-sided setup where carry traders may re-engage yen shorts, but actual MoF intervention risk remains the key tail risk.
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↓ SHORT-3% target+2% stop1-2 weeks tactical
Short FXY (long USD/JPY) tactically as Japan's tempered tone reopens the path to 160, but size small given live intervention risk above 158.