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Forex

AUD/JPY Rebounds Amid US-Japan Intervention

Guavy AI Editorial Team
Instruments
JPY AUD
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The AUD/JPY cross has rebounded above 110.50 after a six-day losing streak, but its upside potential remains limited due to coordinated intervention between the US and Japan.

Bank of America analyst Shusuke Yamada notes that FX intervention can have a significant influence on the market, despite initially altering short-term flows.

The intervention is aimed at stabilizing the Yen after it weakened against the Dollar since 1986, with strategists at BNY concluding that authorities are ready to defend the currency if needed.

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