HSBC say possible “line in the sand” at 155–160 for Bank of Japan USD/JPY intervention
This note via eFX: Synopsis: HSBC’s multiverse modeling sees USD/JPY fairly valued within a 146–152 range, but warns that a number of political, macroeconomic, and policy shifts could trigger a JPY rebound. Key among these are a US-Japan trade deal, renewed Fed easing, or direct Japanese FX intervention. Key Points: Model-Implied Range for USD/JPY: HSBC’s















