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Verbal intervention keeps yen from falling further, at least for now

Verbal intervention keeps yen from falling further, at least for now
A more dovish take by the BOJ yesterday and then the purported absence of Tokyo intervention in October gave the green light for USD/JPY to march higher. The pair finally shook off the 150.00 mark, posting a daily close above 151.00 for the first time since 1990. Are we finally seeing a more meaningful breakout in USD/JPY at last?It definitely looks like it but as Japanese officials come out to warn against "one-sided" and "rapid" moves in the currency, we are seeing traders check back and heed... Read More
Posted: Nov 1 2023, 04:59
Author Name: forexlive
Views: 112213

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