{"id":163752,"date":"2023-09-27T16:22:24","date_gmt":"2023-09-27T10:52:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=163752"},"modified":"2023-09-27T16:22:24","modified_gmt":"2023-09-27T10:52:24","slug":"high-chance-of-intervention-but-only-after-a-break-above-the-150-level-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/high-chance-of-intervention-but-only-after-a-break-above-the-150-level-mufg-crypto-news\/","title":{"rendered":"High chance of intervention but only after a break above the 150 level \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> has broken above the 149 level. Economists at MUFG Bank analyze Yen\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Opposition to currency weakness remains firm<\/h2>\n<blockquote>\n<p>We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and \u2018disorderly\u2019 price action that would provide the justification for the MoF to intervene.<\/p>\n<\/blockquote>\n<blockquote>\n<p>The authorities in China have also upped their rhetoric opposing CNY weakness as well. Actions to curtail upside moves in USD\/CNY would certainly help Tokyo in its battle to limit JPY weakness.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>We see the risks still skewed to the upside for both USD\/JPY and USD\/CNY given the US Dollar momentum but opposition to currency weakness in Tokyo and Beijing remains firm.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen\u2019s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and \u2018disorderly\u2019 price action that would [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,297,246,257,255,1062,250,252,247,253,249,449,275,256,254],"class_list":["post-163752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-china","tag-coin","tag-cryptocurrency","tag-gta","tag-japan","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdcny","tag-usdjpy","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/163752","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=163752"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/163752\/revisions"}],"predecessor-version":[{"id":163753,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/163752\/revisions\/163753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/10743"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=163752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=163752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=163752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}