🇯🇵🚨 JUST IN: USD)JPY SURGES TO 159.43 HITTING ITS HIGHEST LEVEL OF AUGUST.
The yen is getting crushed again.
USD)JPY has clawed back after plunging more than 5% following U.S.)Japan intervention.
The message from markets is brutal:
Intervention can slow the yen’s decline.
But can it actually stop it?
At 159.43, traders are once again watching the 160 level a zone that could trigger renewed intervention fears.
If the yen keeps weakening, the pressure on Japan’s policymakers only gets bigger.
And this matters far beyond FX.
A weaker yen can impact global bond yields, carry trades, equities and liquidity across markets.
The next move could be HUGE.
#Japan #Yen #Forex #Markets #Trading
The yen is getting crushed again.
USD)JPY has clawed back after plunging more than 5% following U.S.)Japan intervention.
The message from markets is brutal:
Intervention can slow the yen’s decline.
But can it actually stop it?
At 159.43, traders are once again watching the 160 level a zone that could trigger renewed intervention fears.
If the yen keeps weakening, the pressure on Japan’s policymakers only gets bigger.
And this matters far beyond FX.
A weaker yen can impact global bond yields, carry trades, equities and liquidity across markets.
The next move could be HUGE.
#Japan #Yen #Forex #Markets #Trading