Yen intervention risk rises

- By FX Markets Staff
- @FXMarkets_
- 22 Dec 2008

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"Inevitably, with many markets closed for the Christmas holidays this week, market volumes will be on the low side. We believe this will be the perfect backdrop for Japan's Ministry of Finance (MoF) to seriously consider intervention to lift USD/JPY," said Neil Mellor, currency strategist at the Bank of New York Mellon in London. "Certainly there will be no shortage of Japanese data to serve as a timely reminder of the country's growing economic woes - with the November inflation data in

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