"USD/JPY Surges Past 150 Yen as US Inflation Sparks Bullish Breakout"
TL;DR Summary
The USD/JPY pair surged past the 150.00 mark, reaching its highest level in nearly three months, driven by soaring U.S. Treasury yields following higher-than-expected U.S. inflation data. The article discusses key technical thresholds to watch, highlighting the potential for Japanese government intervention to support the yen, which could reverse the pair's recent advance. Without intervention, further bullish momentum could target last year's high around the 152.00 handle.
Topics:business#currency-intervention#finance#technical-analysis#us-inflation#us-treasury-yields#usdjpy
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