{"id":138895,"date":"2023-09-02T02:50:44","date_gmt":"2023-09-01T21:20:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=138895"},"modified":"2023-09-02T02:50:44","modified_gmt":"2023-09-01T21:20:44","slug":"appetite-to-buy-at-these-levels-is-receding-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/appetite-to-buy-at-these-levels-is-receding-mufg-crypto-news\/","title":{"rendered":"Appetite to buy at these levels is receding \u2013 MUFG &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/usdjpy\">USD\/JPY<\/a> is lower today and the Yen is the best-performing G10 currency. Economists at MUFG Bank analyze the pair\u2019s outlook.<\/p>\n<h2 class=\"fxs_headline_medium\">There is limited upside from here<\/h2>\n<blockquote>\n<p>USD\/JPY has reached the intervention zone and it looks like appetite to buy at these levels is receding.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>The rhetoric from the MoF this week is not yet at a level consistent with imminent intervention. The Obon vacation period was earlier this week and it may be that next week we will see a pick-up in verbal opposition ahead of the Jackson Hole symposium from 24th-26th August.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>We continue to believe that there is limited upside for USD\/JPY from here and there are more attractive ways to benefit from US Dollar strength than buying USD\/JPY.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY is lower today and the Yen is the best-performing G10 currency. Economists at MUFG Bank analyze the pair\u2019s outlook. There is limited upside from here USD\/JPY has reached the intervention zone and it looks like appetite to buy at these levels is receding.\u00a0 The rhetoric from the MoF this week is not yet [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,1062,250,252,247,253,249,275,256,254],"class_list":["post-138895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138895"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138895\/revisions"}],"predecessor-version":[{"id":138896,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138895\/revisions\/138896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/31883"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}