#yenbreaks155nearingyearhigh
🇯🇵 Yen
reversal is accelerating
USD/JPY just hit the 153 handle (153.616) after trading near 160 as recently as last Tuesday.
What’s driving it?
📈 BOJ hike bets have surged toward ~99% for Sept. 17–18
🔄 The break below
155
triggered a sharp yen-short/carry-trade unwind
🇺🇸 Washington is pushing Japan toward a stronger yen
💧 Thin holiday liquidity amplified the move
For now, 153 is the key level. If it breaks and holds, 152 and 150 come into focus.
The bigger risk: a sustained yen rally could force more carry-trade deleveraging across global risk assets. 👀
$SOPH
$IOST
$AKE
🇯🇵 Yen
reversal is accelerating
USD/JPY just hit the 153 handle (153.616) after trading near 160 as recently as last Tuesday.
What’s driving it?
📈 BOJ hike bets have surged toward ~99% for Sept. 17–18
🔄 The break below
155
triggered a sharp yen-short/carry-trade unwind
🇺🇸 Washington is pushing Japan toward a stronger yen
💧 Thin holiday liquidity amplified the move
For now, 153 is the key level. If it breaks and holds, 152 and 150 come into focus.
The bigger risk: a sustained yen rally could force more carry-trade deleveraging across global risk assets. 👀
$SOPH
$IOST
$AKE
