JPY: Suspected FX Intervention

​​Japanese authorities are suspected to have intervened in the foreign exchange (FX) market today, with the USD/JPY pair experiencing significant fluctuations. The pair reached 160.0 around 02.30am BST before dropping to 159.40 and then plummeting to 105.0, marking nearly a 3% decline. ​

Japanese FX Intervention: Alert and Strategizing

​​As USD/JPY breaches the critical 155 threshold, our attention is keenly focused on potential actions from the Bank of Japan (BoJ) in the FX market. While this level has been earmarked as a trigger point for BoJ intervention by some, it's essential to acknowledge the uncertainty surrounding the BoJ's precise threshold for action. ​