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No sign yet of any BOJ action as USD/JPY extends above 160.50
The noted rise in the USD/JPY to nearly 40 year highs has now seen the dollar reach a new high at 16062. It is just off that high right now and so far there has been no sign of any BOJ intervention. Of course it is not a given; that the BOJ will yet step in, to halt the rise in the dollar, but it remains something to be mindful of. The push higher in the USD/JPY this afternoon has also helped to surpass the GBP/USD and the EUR/USD, despite corresponding gains in the EUR/JPY and the GBP/JPY. It is also worth noting that the GBP/JPY has now risen to a new 15 year high above 203 this afternoon (203.04). The USD/JPY is currently trading at 160.46
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