"Tokyo's Currency Chief Issues Warning as USD/JPY Nears Multi-Year Highs"
TL;DR Summary
The USD/JPY pair remains near multi-year highs, with resistance at 151.90-94, but Tokyo is issuing warnings about the yen's weakness, suggesting potential intervention if the one-sided move continues. The bond market, particularly 10-year Treasury yields, will be crucial in determining the pair's direction. If the technical ceiling holds, Tokyo may not intervene, but a break higher could lead to a sharper decline in the yen.
- USD/JPY stays poised near multi-year highs, but Tokyo warnings grow louder ForexLive
- Japan's Currency Chief Warns Against Speculative Moves in Market Bloomberg
- Japan top currency diplomat says yen weakness doesn't reflect fundamentals Nikkei Asia
- Asia FX rises with yen, yuan on intervention watch; Dollar consolidates By Investing.com Investing.com
- Yen Update: USD/JPY Dips after BoJ Minutes, Concern over Volatile Moves DailyFX
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