USDJPY short
The BOJ has reportedly spent around 3.5 trillion yen on their last intervention. The reason j think that this could go further is because looking past at previous BOJ interventions, they usually amount to 5-8 trillion yen. Despite new leadership, the BOJ will likely not take the risk and bet the US rate cuts during September. Their time to act is now, which is likely why there will be one last “hurdle” or “wave” of intervention before the US rate cuts
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