A strategist at J.P. Morgan Chase & Co. (NYSE:JPM) has said that intervention risks rise if the Japanese yen remains strong.
J.P. Morgan Chase & Co. (NYSE:JPM) Cautions On Yen Risk
While commenting on the possibility of Japan intervening in the global currency market as the yen surged to even higher levels, Unya Tanase, chief currency strategist at J.P. Morgan Chase & Co. (NYSE:JPM) Tokyo, said that the risk may rise if the yen stays strong.
“Currency moves may have a major effect on the Bank of Japan’s monetary policy. If the yen were to surge, we can say that the possibility of further monetary easing by the central bank will increase,” he said.
JP Morgan Chase & Co. (NYSE:JPM) stocks were at 43.81 at the end of the last day’s trading. There’s been a 9.4% movement in the stock price over the past 3 months.