Intervention Back on Investors’ Radars as Yen Weakens Toward 150
- More depreciation in view as yen nears 200-day moving average
- 152 against dollar is seen as key level: Gaitame.com’s Kanda
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The risk of intervention has swung back into sharp focus for investors as they ready for the yen to weaken back to 150 against the dollar and beyond.
The Japanese currency dropped as far as 149.98 on Monday after two consecutive weeks of declines. It had the worst loss since 2009 in the five days through Oct. 4. The prospect of further depreciation in the currency is prompting strategists to warn of increased intervention risk near the 150 level, or the 200-day moving average of 151.25.