※Translated with Notion AI. (Plus version)
In truth, even with the euro weakening since the start of the week, EUR/JPY has started leaning towards a weaker yen, signifying a clear yen weakening trend.
However, this hasn’t caught the Japanese media’s attention yet.
Linking the hasty yen weakening to ‘intervention’ indicates a lack of understanding of the foreign exchange market.
I urge individual investors to be cautious when interpreting reports from the Japanese media.
Our seasoned market professional, Mr. Snow White, had the chance to be abroad this week, engaging in discussions with major foreign exchange entities.
Despite his busy schedule, he’s managed to share an update on the current situation, including the discussions at international operator meetings.
Listening to him makes me want to stress that the current market is dominated by professionals.
Novices shouldn’t attempt to predict the USD/JPY exchange rate—it’s risky.
Question 1: Is intervention a possibility?
