{"id":181582,"date":"2023-10-26T19:41:51","date_gmt":"2023-10-26T14:11:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181582"},"modified":"2023-10-26T19:41:51","modified_gmt":"2023-10-26T14:11:51","slug":"allowing-ongoing-yen-depreciation-would-only-reinforce-pm-kishidas-current-unpopularity-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/allowing-ongoing-yen-depreciation-would-only-reinforce-pm-kishidas-current-unpopularity-mufg-crypto-news\/","title":{"rendered":"Allowing ongoing Yen depreciation would only reinforce PM Kishida\u2019s current unpopularity \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> hit the highest level since 21st October last year. Economists at MUFG Bank analyze the pair\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Intervention risks elevated ahead of BoJ meeting next week<\/h2>\n<blockquote>\n<p>A lack of intervention into the BoJ meeting next Tuesday would raise expectations of a policy change at that meeting \u2013 a scenario that is seen as increasingly possible.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>There remains a high risk that we see some sharp stop-loss buying that fuels a bigger move that could then offer the Japanese authorities the opportunity to intervene.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Finance Minister Suzuki has also blurred the lines on what constitutes \u2018excessive\u2019 moves while domestically there is increasing incentive to be seen to act.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>The LDP performed poorly in recent by-elections with voters unhappy with government policy to protect households from the cost of living crisis. Standing aside and allowing ongoing Yen depreciation would only reinforce PM Kishida\u2019s current unpopularity.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/JPY hit the highest level since 21st October last year. Economists at MUFG Bank analyze the pair\u2019s outlook. Intervention risks elevated ahead of BoJ meeting next week A lack of intervention into the BoJ meeting next Tuesday would raise expectations of a policy change at that meeting \u2013 a scenario that is seen as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,367,248,251,246,257,255,1062,250,252,247,253,249,275,256,254],"class_list":["post-181582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-boj","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\/181582","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=181582"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181582\/revisions"}],"predecessor-version":[{"id":181583,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181582\/revisions\/181583"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19164"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}