75FINANCE
⚡ Markets: A breach of 160 JPY/USD significantly increases the probability of Bank of Japan FX intervention. Such action would cause a sharp, albeit potentially temporary, strengthening of the yen and introduce volatility into FX markets.USD/JPYNikkei 225
The Japanese yen has depreciated beyond the key psychological level of 160 to the US dollar, driven by rising US bond yields and hawkish Fed commentary. The move has intensified speculation that Japanese authorities will intervene in the currency market to support the yen. US Treasury Secretary Bessent stated he expects Japan to take action.
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