LONDON (Reuters) - Japan's threshold for currency market intervention on the yen is likely to be around 150 per dollar, investment bank JPMorgan's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSLONDON - Japan's threshold for currency market intervention on the yen is likely to be around 150 per dollar, investment bank JPMorgan's analysts said on Monday.
"We think that the MoF will not intervene in the FX market at around 145 level. Our threshold level of JPY buying intervention is around 150," they said in a note.JPMorgan's analysts added that the fundamental conditions in the Japanese economy had been improving since the last time the MoF intervened to lift the yen last year.
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