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Yen's Sharp Gain Unlikely a Market Movement, Natixis Says

Yen's Sharp Gain Unlikely a Market Movement, Natixis Says
Bloomberg Markets Thursday 02 July 2026, 08:41 UTC 1 min read
Key Points

Jul 2nd, 2026 Yen's Sharp Gain Unlikely a Market Movement, Natixis Says Alicia Garcia Herrero, chief APAC economist at Natixis, says that Japan may already have intervened in currency markets after the yen strengthened sharply against the dollar on Thursday. "Nobody said so, but I would argue that that correction can't happen if everybody's reading your screens thinking that US data will be strong," Garcia Herrero tells Bloomberg Television. The abrupt move came as traders await US jobs...

Jul 2nd, 2026 Yen's Sharp Gain Unlikely a Market Movement, Natixis Says Alicia Garcia Herrero, chief APAC economist at Natixis, says that Japan may already have intervened in currency markets after the yen strengthened sharply against the dollar on Thursday. "Nobody said so, but I would argue that that correction can't happen if everybody's reading your screens thinking that US data will be strong," Garcia Herrero tells Bloomberg Television. The abrupt move came as traders await US jobs figures later Thursday, which have the potential to move the dollar-yen currency pair. [Image text:] UNITED STATESDOLLAR-JAPANESEYEN Intraday 161.69 -0.89 0.55% USDJPY 162.61 2:00 6:00 10:00 14:00 18:00 161.88 161.14 Bloomberg The Opening Trade TRADERSPLOTYEN WORST-CASE SCENARIOIFCRISISHITS
Yen (PERSON) Alicia Garcia Herrero (PERSON) APAC (ORG) Natixis (ORG) Japan (LOCATION) US (LOCATION) Garcia Herrero (PERSON) Bloomberg Television (ORG)
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