USD/JPY after the joint intervention: what are you watching?

Japan and the United States have confirmed a rare joint intervention to support the yen, and the Bank of Japan's policy meeting on 17–18 September comes with its rate at 1.00%, two days after the Federal Reserve's decision.

Questions to discuss:

  • Does the intervention change how you trade rallies in USD/JPY?
  • How are you approaching the Fed on 16 September and the BoJ on 18 September in the same week?
  • Are you trading yen crosses such as EUR/JPY or GBP/JPY instead of USD/JPY?

Background: currency intervention explained, our report on the joint intervention and the Bank of Japan preview.

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