Currencies
Fed Threat Means Yen Intervention Still in Play After Rally
- US CPI may throw a curveball, with Fed, BOJ meetings to come
- Sharp moves likely needed to spur Tokyo into taking FX action
This article is for subscribers only.
The yen remains vulnerable to sharp movements and government intervention even after its rally at the start of this week as key US data and central bank meetings loom large among potential catalysts.
US inflation figures on Wednesday are expected to show price growth accelerating for a second month in August versus a year earlier. If headline price growth outpaces the consensus for a 3.6% gain, reignited speculation of another US interest rate hike might boost the dollar, returning the yen to fresh year-to-date lows.