Japan might be adopting new foreign-exchange intervention strategy, DBS Group Research's Philip Wee says in a commentary. The senior forex strategist notes rumors that Japan's Finance Ministry might shift to unannounced stealth currency interventions. Such interventions "could amplify volatility amid thin liquidity on today's Independence Day holiday in the U.S. bond and equity markets," Wee says. "Japan's new strategy appears to be targeted at shifting market psychology from skepticism to caution." The dollar is little changed at 161.13 yen, according to LSEG data. (ronnie.harui@wsj.com)
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Japan Might Be Adopting New Forex Intervention Strategy — Market Talk
Japan might be adopting new foreign-exchange intervention strategy, DBS Group Research's Philip Wee says in a commentary. The senior forex strategist notes rumors that Japan's Finance Ministry might shift to unannounced stealth currency interventions. Such interventions "could amplify volatility am…