REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsLONDON, Aug 21 (Reuters) - Japan's threshold for currency market intervention on the yen is likely to be around 150 per dollar, investment bank JPMorgan's analysts said on Monday.
"We think that the MoF (Ministry of Finance Japan) will not intervene in the FX market at around (the) 145 level.
Our threshold level of JPY buying intervention is around 150," they said in a note.
The yen was trading at 145.87 to the dollar on Monday, having been as weak as 146.56 last week.
"Intervention needed is not as acute as in the September and October intervention cases," they said.
Persons:
Kim Kyung, Marc Jones, Dhara
Organizations:
National Printing Bureau, Bank of Japan, REUTERS, Ministry of Finance Japan, Thomson
Locations:
Tokyo, Japan