USD/JPY just hit 159.45 — highest since August. The yen has already given back half of what it gained from that rare coordinated intervention back then.
Reminder: After the intervention, USD/JPY crashed from nearly 164 down to 155. Now we're knocking on 160 again.
Treasury Secretary Scott Bessent already said the U.S. won't hesitate to step in again if needed. So the question isn't if another intervention could happen — it's when.
If you're trading this pair or have exposure to Japanese equities, keep your eyes on this level. History doesn't repeat, but it sure rhymes.
Reminder: After the intervention, USD/JPY crashed from nearly 164 down to 155. Now we're knocking on 160 again.
Treasury Secretary Scott Bessent already said the U.S. won't hesitate to step in again if needed. So the question isn't if another intervention could happen — it's when.
If you're trading this pair or have exposure to Japanese equities, keep your eyes on this level. History doesn't repeat, but it sure rhymes.