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USD/JPY above 150.90 again after meek comments from Japan

  • No substantive comments from Jpan re the rapidly weakening yen
Eamonn Sheridan
22/10/2024 | 03:18 GMT

I gave an alert for comments today:

  • Eyes and ears open today - "Verbal intervention threat rises as USD/JPY rises above 150"

What we got was meek indeed, barely anything:

  • Japan government Aoki says no comment on FX moves

Will there be anything else? USD/JPY is nearly at 151.00 and I'm surprised we've heard so little.

usdyen no intervention 22 October 2024 2

Trend is your friend in full effect today

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