USD/JPY consolidates BoJ's FX intervention

USD/JPY consolidates BoJ's FX intervention

USD/JPY traded essentially flat on Monday, settling close to 157.20 after a choppy session that opened with an early-Asia gap lower toward 156.20 before staging a steady recovery through European and US trade. The pair has been hemmed into a narrow 157.50-157.00 band following last week’s two-day collapse from above 160.00, with overlapping wicks and small-bodied candles pointing to indecision and two-sided whipsaws through Monday’s session. On …

USD/JPY holds near 156.30 as intervention fears keep traders cautious

The USD/JPY pair traded around 156.30 on Thursday, posting modest daily losses as traders remained cautious over the possibility of another intervention by Japanese authorities in the foreign exchange market.At the time of writing, the pair was down a modest 0.05% on the day, as per data from forex trading platforms.Market participants largely stayed on the sidelines ahead of the closely watched US April employment report due on Friday, which co…

Chart Alert: USD/JPY Bearish Breakdown from “Ascending Wedge”, It Smells Like Another Intervention - ActionForex

Key takeaways Intervention-driven downside resumes: USD/JPY plunged 2.4% to a two-month low after Japan’s ~$34.5B intervention on Thursday, 30 April, with a sharp intraday drop on today, 6 May, hinting at a possible second round of intervention. Rebound likely a dead cat bounce: The 1.5% recovery to 157.94 appears corrective within a newly formed short-term […] The post Chart Alert: USD/JPY Bearish Breakdown from “Ascending Wedge”, It Smells Lik…

USD/JPY rises as Yen intervention fades, buyers target 160.00

The post USD/JPY rises as Yen intervention fades, buyers target 160.00 appeared on BitcoinEthereumNews.com. USD/JPY advances some 0.48% on Tuesday as the Greenback remained steady during the session following last Thursday’s intervention in the FX markets by Japanese authorities, which bought the Yen, with the pair tanking nearly 2.50% or almost 400 pips. At the time of writing, the pair trades at 157.91. Buyers step back in near 157.00 despite …

USD/JPY's Rebound And the Internal Rebellion at BoJ That Could Limit the Dollar

The USD/JPY pair pushed above the 160.00 psychological level in late April, but it ran into a wall. The pair sank a massive 2.4% on April 30, one of its more savage one-day falls in years, before a sustained recovery in early May. So, what exactly is happening to the world’s most watched currency pair? What Happened on April 30? The April 30 session started with the dollar already elevated. The USD/JPY reached an intraday peak of 160.73, moving …