Japan May Intervene if USD/JPY Sustains Above 162, Scotiabank Says on June 15

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According to Scotiabank analysts Alex Loo and Howard Du in a research report on June 15, Japan is likely to intervene if the U.S. dollar continues appreciating against the yen following this week's central bank meetings. The analysts identified 162 as the next intervention threshold for USD/JPY. However, they noted that given the broad-based dollar strength, Japan's Financial Services Agency may wait until USD/JPY reaches 165 before acting.
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