Bob Iaccino of Path Trading Partners discusses the recent price action in September Japanese Yen futures as the market trades near a 40-year low. After falling 5.98% since the cycle high on May 6 and closing lower in 10 of the last 11 weeks, market participants remain alert to potential official action. Iaccino highlights recent comments from Finance Minister Satsuki Katayama signaling a readiness to intervene if necessary. He also looks ahead to the upcoming Bank of Japan policy meeting, where officials are widely expected to hold the benchmark rate at 1%, with economists largely projecting December as the most likely timing for the next rate hike.
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