FX Moment: Dollar-Yen Bearish Push Needs US Data Validation Next
In this episode of the FX Moment podcast, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Chris Turner, head of FX strategy at ING Bank in London, discuss dollar-yen near- and mid-term dynamics. The combined shift in the dollar view following the July 29 Fed meeting, stretched long positioning and joint US-Japan FX intervention were the perfect catalysts for a sharp move lower in dollar-yen, yet the market is already questioning whether the move can be sustained. Childe-Freeman and Turner both see a risk of further joint FX intervention, which should keep dollar-yen bulls…
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