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USD/JPY rises close to 155.75

The push higher in the USD/JPY has now reached a level not seen since June 1990. The dollar already set a new 34 year closing high last night, at 155.35. The high seen so far today has been set at 155.74, as the markets continue to ignore all BOJ and MOF rhetoric. It seems like the higher the dollar rises, the more confident the markets become about ignoring any BOJ intervention threat. The reader is right now referred to the update here on that yesterday. Also to remind the reader of the high set in the summer of 1990, which was at 160.20. The USD/JPY is currently trading at 155.70 
 

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