Market Outlook: Strong U.S. Jobs Report in Focus as USD/JPY Trades Above 162.00 Amid Rising Intervention Risks
Market Outlook: Strong U.S. Jobs Report in Focus as USD/JPY Trades Above 162.00 Amid Rising Intervention Risks Market Overview USD/JPY has climbed into the 162.00s, reaching its weakest yen level in approximately 40 years. During the Tokyo session, the pair briefly touched 162.84 before retreating slightly as concerns over possible Japanese currency intervention limited further […]
Market Outlook: USD/JPY Breaks Above 162.00 — Focus Shifts to Possible Intervention and U.S. JOLTS Job Openings
Market Outlook: USD/JPY Breaks Above 162.00 — Focus Shifts to Possible Intervention and U.S. JOLTS Job Openings Market Overview USD/JPY has finally climbed above the 162.00 level, reaching its highest level in approximately 40 years. During the Tokyo session, the pair briefly rallied to around 162.40, decisively breaking through the major resistance at 162.00. The […]
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly
USD/JPY Approaches 160 Again as Middle East Risks Ease Slightly USD/JPY has risen into the upper 159 range and is once again approaching the psychologically important 160 level. The main drivers behind the move are: Ongoing interest rate differentials between the United States and Japan Risk appetite supported by strong equity markets A renewed expansion […]