Gelonghui May 3| analysts saidunislotscasino, Japan seems to have won the yen's collapse through a series of suspicious recent interventionsunislotscasinoIt has taken some time and respite, but it faces a protracted battle with yen bears. Tokyo has not confirmed that it intervened in the currency market. However, given the huge interest rate spreads between the yen and the currencies of other major economies, this week's rise in the yen is by no means linear, given the obvious bearish market against the yen. Rob Canel, head of Asia-Pacific research at Dutch International, said that [foreign exchange intervention] has actually changed nothing. I think this is just a moment when the market paused, but the market will definitely test it again. Caspar Huns, senior portfolio manager at BlueBay Asset Management, said that due to large interest rate differences, speculators will still hold opposite positions.
