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#YEN SURGES — USD/JPY BREAKS BELOW 157
USD/JPY just slid from ~160 to the 156-157 zone in a matter of days.
Key drivers:
📌 Reports of a "rate check" — a signal monetary authorities may be preparing to intervene (Investing.com)
📌 The U.S. Treasury reportedly bought yen on Friday, joining Japan's efforts to support the currency (Investing.com)
📌 Technical indicators currently rate USD/JPY a "Strong Sell" (Investing.com)
What this means for crypto:
A stronger yen + coordinated FX intervention = risk-off signals rippling through global markets. Watch for knock-on volatility in BTC/majors as carry-trade unwind chatter resurfaces.
Not financial advice — DYOR. 📊