Nikkei: US Treasury Department tells traders, prepare for potential additional intervention
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 1.1140 |
ABN AMRO | Bullish | 1.1500 |
Bank of America | Bullish | 1.1500 |
All 28 desk targets for EUR/USD
From the original
Nikkei is reporting that: US Treasury Department has told currency market participants to prepare for a potential additional intervention following Thursday's action by Japanese authorities to support the JPY. Yesterday, the price fell from about 163.30 to a low near 158.00 befor
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FX Daily: Focus remains on yen and sterling
The desk is focusing on the potential for imminent Japanese yen intervention as markets price in increased volatility ahead of key talks between US and Japanese finance ministers. Per the full note from ing-think, the options market suggests a rising likelihood of intervention, which is underscored by declining US Treasury holdings reported by Japan. Meanwhile, the British pound has gained traction amid optimistic expectations regarding the incoming Chancellor of the Exchequer. Both currencies, thus, present notable opportunities for traders in a movement shaped by fiscal policy and intervention risks.
Japanese Yen softens, traders watch further US-Japan joint currency intervention - tmgm.com
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