"Japanese Yen Warning: USD/JPY Hits 34-Year High Amid U.S. Inflation Shock"
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.