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Risk of BoJ intervention increasing: Hardy

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April 11, 2016 bank of canada, bank of england, bank of japan, boe, boj, brexit, currencies, currency, eurusd, forex, fx, g20, interest rates, intervention, john hardy, jpy, rates, saxo, saxo bank, saxo tv, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, suga, trader, trading, tradingfloor, tradingfloor.com, tradingfloorcom, usd, usdjpy, yen
Saxo Bank’s John Hardy says the risk of an intervention to stem the rise of the Japanese yen is increasing after comments over the weekend from Chief Cabinet Secretary Yoshihide Suga.

According to Hardy, Suga said an agreement made by the G20 in February does not prevent Japan from intervening against one-sided currency moves. John looks at the factors, which could prompt an intervention.

He also looks at what to expect when the Bank of England and Bank of Canada meet this week and sets out his trading strategy.