USD/JPY back under 142, straddling the big figure now

Yen is the focus with Bank of Japan intervention yesterday driving USD/JPY from highs ciurca 142.70/80 back under 141 at one stage.

• ForexLive European FX news wrap: Japan intervenes to buy the yen, first time since 1998
• Forexlive Americas FX news wrap: Today had everything

Japanese markets are closed today, Friday, 23 September 2022. USD/JPY has fallen on the session so far. The moves have been substantial but look tiny in context of multi-big figure move Thursday. I've zoomed the chart below to reflect this.

A response from ING suggest further volatility Volatility In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid fluctuations in price. Overall, volatility is an important statistical indicator used by many parties, including financial traders, analysts, Read this Term to come, that they got right!

• What to expect when you're expecting (9 months of yen intervention ahead)