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USD/JPY plunging after pop above 145 - verbal intervention fears

USD/JPY popped to a high above 145.20 earlier in the session but has since been slammed lower to circa 144.67.USD/JPY back around 145 has, of course, heightened the fear of Japanese authorities intervening to support they yen (and thus push USD/JPY lower). The most likely form of intervention at this stage would be verbal, see this for more on what to watch for:JPY alert: The clear signals to watch for imminent Bank of Japan FX yen interventionAs I post there has been no commentary out of Japan... Read More

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Usd

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Plunging

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Above

Verbal

Intervention

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Usd jpy

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Posted: Aug 14 2023, 01:06

Author Name: forexlive

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