"Japanese Yen Warning: USD/JPY Hits 34-Year High Amid U.S. Inflation Shock"
TL;DR Summary
The USD/JPY pair has reached a fresh 34-year high, driven by market optimism for a peaceful resolution in the Iran-Israel conflict and fundamentally stronger CPI numbers leading to broad USD buying. The yen's move into technical blue skies has raised concerns about potential intervention from Japan, although no real intervention has been observed yet. However, there is a limit, and the market could see Japan draw a line at 155.00.
- USD/JPY stretches to fresh 34--year high ForexLive
- After U.S. Inflation Shock, Next Shoe to Drop Could Be in Tokyo The Wall Street Journal
- Japanese Yen Forecast: Where's the Line in the Sand for USD/JPY? FOREX.com US
- Japan repeats warning against excessively weak yen Reuters
- USD/JPY Weekly Price Forecast – US Dollar Continues to Power Higher Yahoo Finance
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