Will Japan Intervene Again to Save the Yen as USD/JPY Nears 160?
Japan could step in again, but probably not at 158. USD/JPY is trading around 158.2 because US yields sit near 5.2% while the Bank of Japan’s rate is just 1.25%. Japan last intervened near 164 in July. Unless this week’s US CPI pushes the pair toward 160 fast, expect warnings before real yen buying.
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