EUR/JPY reacts to BoJ manipulations

Note: This section contains information in English only.
Source: Dukascopy Bank SA


In general, set technical analysis aside for now and watch the news flow and comments from the Bank of Japan.

It has been reported that for the first time since 1998, the Bank of Japan has intervened in the currency market with direct transactions. The central bank operation has been confirmed by the bank's representative Masato Kanda, who stated "We have taken decisive action in the exchange market."

On the EUR/JPY currency exchange rate it resulted in a drop below the 140.00 mark. The level at which the central bank intervenes is the 145.00 mark on the USD/JPY chart.
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Thu, 22 Sep 2022 10:28:42 GMT

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