Is the MOF a toothless tiger?
And in fact, the MOF is now in a tricky situation. There is no reason for interventions at present. The period of JPY weakness is over. And it makes no sense and would be completely futile for the MOF to take action against general USD strength. However, their previous chatter means that they are now under pressure to act.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: