USD/JPY Plunges to Two-Month Low on Yen Intervention Speculation
businessmacroeconomicsworldjapan 5 posts · 4 accounts
The yen surged, pushing the USD/JPY pair to a two-month low and sparking speculation that Japanese authorities intervened to support the currency.
Market commentators pointed to the Bank of Japan behind the rapid reversal, though no official confirmation of the trading action was immediately available.
From the sources (5 posts)
@zerohedgeBOJ finally woke up: USDJPY plunging, looks interventiony
@financialjuice🔴 Potential yen intervention
@firstsquawkYEN SURGES IN A STRONG MOVE, RAISING CONCERNS ABOUT POSSIBLE INTERVENTION.
@maxcrypto🚨 BREAKING 🚨 USD/JPY just dumped to a 2-month low. "Yen Intervention" has started.
@zerohedgeJapanic: Yen Suddenly Spikes Stoking Intervention Speculation