155 Is the Yen's Next Big Test, Englander Says
Japan’s historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view
Japan’s historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally’s staying power. The level carries significance far beyond standard technicals. Japan’s April and May interventions briefly dragged dollar-yen toward 155 before it resumed climbing, reinforcing views that official action merely buys time.
Now, investors are weighing whether a clean break below it signals a structural shift. Steve Englander, Global Head: G10 FX Research at Standard Chartered, discusses the move to intervene and what it means for global currencies. More on Bloomberg Television and Markets Like this video?
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