The yen has breached the 145 mark against the Dollar, leading HSBC to expect intervention from the Japanese Ministry of Finance in the 145-148 range. If intervention does not occur, HSBC predicts that short positions on the yen will be rebuilt. The U.S. dollar has been on an uptrend since the end of July due to concerns about the U.S. budget deficit and Treasury supply. Japan's GDP numbers for the second quarter and inflation numbers for July are expected to be released soon, with any misses potentially emboldening the bears.

The post Yen breaches 145 mark against the dollar, prompting expectations of BOJ intervention appeared first on Balanced News Summary.