Yen hits 40-year low as Treasury yields drive dollar higher
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Morgan Stanley | Bullish | 1.2150 |
UOB | Bullish | 1.1800 |
ING | Bullish | 1.1700 |
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USD/JPY at 162.75 pushes well past the levels that triggered Japan's last intervention, keeping MoF action risk elevated into a period traders see as tactically favourable given Friday's thinner US holiday liquidity. The bigger driver remains the US side of the pair, with Treasur
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4 itemsYen volatility threshold is still too low to warrant MOF intervention - MUFG
Yen hits 40-year low as clock ticks on intervention - CNBC
USD/JPY nudges back up towards 158.00 mark as dollar holds firmer on the week
The USD/JPY pair is testing the critical 158.00 level as the dollar remains resilient amid ongoing bearish sentiment for the yen. Per the full note from Justin Low at investinglive.com, the Ministry of Finance's (MOF) recent intervention efforts have yet to stabilize the currency, raising questions about their willingness to engage further. The current market dynamics suggest that traders are increasingly willing to challenge the MOF's thresholds, especially with external pressures like rising oil prices exacerbating the yen's weakness. This situation is compounded by the lack of significant intervention during low liquidity periods, which may have diminished the effectiveness of previous actions.
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