DBS Group Research has highlighted the potential for official intervention if the Japanese Yen nears the 160 level against the US Dollar. Philip Wee of DBS Group Research pointed out this risk, signaling that authorities may step in to curb further depreciation.
According to FX Street, the warning comes amid ongoing volatility in the FX market, where the Yen has been under pressure due to divergent monetary policies and global economic uncertainties.
Given Japan’s sensitivity to currency fluctuations impacting export competitiveness and inflation, market participants remain vigilant as the Yen approaches critical thresholds.