Intervention warning sounds again: USD/JPY posts ninth consecutive daily gain, reaching 160.50 and nearing Japan’s official tolerance threshold. - Moomoo

Intervention warning sounds again: USD/JPY posts ninth consecutive daily gain, reaching 160.50 and nearing Japan’s official tolerance threshold. - 富途牛牛

USD/JPY continues to poke and prod at intervention strike zone

Japan goes hard with latest intervention push, USD/JPY drops to ten-week low

The desk observes a significant shift in USD/JPY dynamics following Japan's aggressive intervention efforts, which have successfully pushed the pair to a ten-week low. Per the full note from Justin Low at investinglive.com, the Ministry of Finance's latest yen-buying measures have come in response to persistent selling pressure, particularly after the pair approached the 158.00 mark. This intervention may temporarily alter market sentiment, but the underlying bearish fundamentals for the yen remain intact, especially amid geopolitical tensions in the Middle East. The consensus target for USD/JPY remains at 1.075, with a range between 1.04 and 1.12, indicating a cautious outlook ahead.

USD/JPY faces up against risk of another round of FX intervention - Credit Agricole