Svmuu News: Philip Wee, Senior FX Strategist at DBS Group Research, said in a commentary that Japan may be adopting a new foreign exchange intervention strategy. There are rumors that the Japanese Ministry of Finance may be shifting toward covert, undisclosed currency interventions.
Wee noted that such interventions could exacerbate market volatility today, as liquidity in U.S. bond and stock markets remains thin due to the Independence Day holiday. He also pointed out that Japan’s new strategy appears aimed at shifting market sentiment from skepticism to caution. (Jin Shi)
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DBS: Japan May Be Adopting a New Foreign Exchange Intervention Strategy
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