monsterhuntnftgame| Mitsubishi UFJ Trust Bank: The calm market environment is a good time for Japanese authorities to intervene
Takafumi Onodera, head of sales and trading at Mitsubishi UFJ Trust Bank, said that it made sense for the Japanese authorities to intervene in the quiet environment of the holiday market because the trend of the USD/JPY could be more obvious.
monsterhuntnftgameHe said the yen's movements looked like intervention, but markets would have to wait for the release of data at the end of May to get official confirmation
Note: Onodera made the above remarks during Monday's New York trading session. The yen surged against the dollar after hitting its lowest level in 34 years during overnight trading in Asian markets, sparking speculation of Japanese government intervention
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