Japanese yen is approaching 3-week maximum at 82.87 versus the greenback. The pair USD/JPY is currently trading in 83.00 area.

Yen strengthened due to the expectations that Japan won’t conduct currency interventions before the meeting of finance ministers and central bankers of G7 nations that will take place October 8 in Washington.

Specialists at JPMorgan Chase & Co. in Tokyo note that even if the country’s monetary authorities decide to intervene, the intervention is likely be small-sized and short-lived. Any impact on the yen will probably be limited.



Chart. H4 USD/JPY

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