Dollar/Yen exchange intervention cautions
Next isseasonally adjustedgraph
Because the trade balance has strong seasonality. It is appropriate to view in seasonally adjusted values. Or look at the year-over-year comparison, or the 12-month moving average.
Import values are rising sharply. That means dollar demand is increasing significantly.
And in the foreign exchange market, yen selling has become pervasive.
It has surpassed the warning level.
Soon, we should be wary of potential currency intervention.
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