USD/JPY pulls back to 159.50 amid rising intervention warnings

 USD/JPY pulls back to 159.50 amid rising intervention warnings

The US Dollar (USD) has snapped a four-day rally against the Japanese Yen on Monday, and retreated from 20-month highs above 160.00 reached on Monday, a level considered a line in the sand for Japanese authorities. Japan’s Top Currency Diplomat, Atsushi Mimura, observed earlier on Monday about rising speculative activity in currency markets and affirmed […]

Policy hints and intervention risk support Yen – Deutsche Bank

Policy hints and intervention risk support Yen – Deutsche Bank

Deutsche Bank analysts note the Japanese Yen (JPY) has strengthened modestly against the US Dollar (USD) as officials flag speculative FX activity and warn that decisive action may soon be necessary. The Bank of Japan’s (BoJ) Summary of Opinions contained hawkish elements, including discussion of potentially accelerating rate hikes if Middle East tensions persist, supporting […]

Pulls back on intervention talk, bias stays up

Pulls back on intervention talk, bias stays up

The USD/JPY pair retreats sharply from the vicinity of mid-160.00s, or a fresh high since July 2024, touched during the Asian session on Monday, and for now, seems to have snapped a four-day winning streak. Spot prices drop to a fresh daily trough, around the 159.70-159.65 region in the last hour, though the downside potential […]