Yen intervention chatter returns after a break of 155
Tokyo does not have to sell dollars to change the tape. It only has to be believed for an afternoon.
Elena VasquezSenior Markets Correspondent
Open trading floor with rows of workstations at night
NEW YORK — Tokyo does not have to sell dollars to change the tape. It only has to be believed for an afternoon.
Options desks marked up near-dated risk reversals after the usual anonymous briefings. Actual intervention remains unconfirmed. The move in USD/JPY was not.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.