Skip to main content

USD/JPY gets spanked lower after rising very close to 161.95

Following on from an earlier update, noting how the USD/JPY was creeping ever closer to the 2024 high, it did stumble just a fraction ahead of that 2024 high. The dollar peaked at 161.93 before someone stepped in and spanked it lower. 

The sharp move lower saw it fall like a stone to 161.19, but it has bounced quickly too. There is no confirmation this shunt lower was down to the BOJ, but of course that is possible and remains a risk. The dollar has just now rebounded back towards 161.75. It is currently trading at 161.65
 

Ready to Get Started?

Start here. Join over 12M Libertex users around the world!