Newsig · Forex News
USD/JPY holds above 157 despite BOJ rate hike; intervention risk refuses to disappear
Last week, the BOJ raised interest rates to their highest level in 31 years. And yet now, we're seeing USD/JPY still trading just above the 157 level from around 156 before the decision.I reckon that alone should tell us quite a lot about where the pressure in this currency pair is coming from.
Why it matters
USD/JPY (US Dollar / Japanese Yen) · Why linked: The article directly analyzes USD/JPY trading above 157 after the BOJ rate hike, with intervention risk as a key driver. Market context: Persistent USD/JPY strength above 157 despite the BOJ hike raises the probability of Japanese FX intervention, which could trigger sharp yen appreciation.
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