investingLive Asia-Pacific FX news wrap: Verbal support for yen does little - investingLive

investingLive Asia-Pacific FX news wrap: BOJ hikes as expected, taper pause ahead - TradingView

investingLive Asia-Pacific FX news wrap: BOJ hikes as expected, taper pause ahead - investingLive

ForexLive Asia-Pacific FX news wrap: Yen surges higher, trades under 141.00 - TradingView

USD/JPY ticking higher above 160, no verbal intervention efforts so far today

The USD/JPY is currently trending upwards, surpassing the 160 mark, with no verbal intervention from Japanese authorities to stabilize the yen. Per the full note from Eamonn Sheridan at investinglive.com, the absence of support for the JPY indicates a potential for further depreciation if current trends persist. Our desk views this movement as a reflection of broader market dynamics, particularly the divergence in monetary policy between the Bank of Japan and the Federal Reserve. With the consensus target for USD/JPY set at 1.075, traders should remain vigilant about the implications of this upward trajectory.