The USD/JPY pump is largely driven by the widening rate gap btwn the U.S. & Japan. While the Fed keeps rates around 3.50–3.75%, the BoJ is still near 0.75%, pulling flows into USD. Add rising Middle East tensions + higher energy costs, and the yen stays under pressure since Japan imports most of its oil.
Now all eyes are on the 160 lvl, often seen as Japan’s “pain threshold,” where fears of govt intervention spike. That mix of macro pressure + psych levels keeps traders on edge. Do you think we get intervention soon or more upside first? Drop your view 👇
Now all eyes are on the 160 lvl, often seen as Japan’s “pain threshold,” where fears of govt intervention spike. That mix of macro pressure + psych levels keeps traders on edge. Do you think we get intervention soon or more upside first? Drop your view 👇
