"Yen Intervention Bets Drive USD to Three-Month High at ¥150"
TL;DR Summary
Japan's top currency official has mentioned the possibility of FX intervention in response to the yen's weakness, with the Finance Minister emphasizing the need for stable currency movements. USD/JPY remains tentative above the crucial 150 mark despite the intervention warnings, while GBP/JPY's breakout is struggling for momentum and EUR/JPY tests a zone of resistance. The potential for FX intervention poses a significant threat to these currency pairs, with technical analysis indicating potential movements based on market reactions.
- Japanese Yen Outlook: FX Intervention Talk Reenters the Fray DailyFX
- USD/JPY: Yen Futures Open Interest Hits 17-Year High on Intervention Bets Bloomberg
- U.S. dollar rises to three-month high after inflation data, surges past 150 yen CNBC
- Yen's slide past ¥150 per dollar prompts stern warnings from Japan The Japan Times
- Dollar rises to 150 yen, 1st since November, after U.S. price data Kyodo News Plus
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