Charu Chanana, a strategist at Saxo Capital Markets, said that the Bank of Japan has proven once again that it can be more dovish than the expectations of the most dovish on Wall Street. The market is likely to reinforce arbitrage beliefs and continue to test the limits of yen depreciation. USD/JPY is likely to accelerate towards the 158-160 range, and the “10 yen rise and fall within 1 month” intervention threshold proposed by Masato Kanda gives further room for upward movement. Without coordination and support from hawkish policy signals, any intervention would be futile.
机构：若无日本央行鹰派信号相助 日元干预将徒劳无功
Institutions: Without hawkish signals from the Bank of Japan to help the yen intervene, it would be futile
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