Dec 27 (Reuters) - - U.S. President-elect Donald Trump is unlikely to complain if Japan decides to intervene to strengthen the yen, either before or after his inauguration next month.
Trump wants countries to buy more from the United States, so anything which makes U.S. exports more competitive should please him.
Japan Finance Minister Katsunobo Kato reiterated on Friday concerns over a sliding yen, saying Japan "will take appropriate action against excessive moves".
Kato's jawboning came hours after USD/JPY scaled an EBS five-month peak of 158.09.
The risk of yen-buying intervention from Japan will increase if USD/JPY vaults 160. Spot was last at or above 160 in July - when its rise to a 34-year high just shy of 162 prompted yen-buying intervention from Japan.
Trump will be inaugurated on Jan. 20, four days before the next interest rate decision from the Bank of Japan.
Related comments:
For more click on
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ USDJPY
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Robert Howard is a Reuters market analyst. The views expressed are his own)
((robert.howard@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.