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7:59 AM · 20 October 2022

USDJPY jumps above 150❗

USD/JPY
Forex
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The Japanese yen continues to weaken amid lack of policy tightening from the Bank of Japan. USDJPY jumped above 150.00 today for the first time since 1990, reaching a fresh 32-year low. The pair traded only briefly above this hurdle as a quick reversal occurred after the break. So far, it is unclear whether a pullback was triggered by profit taking or by Ministry of Finance/Bank of Japan intervention. Japanese authorities make verbal interventions on a daily basis but those no longer move JPY. Nevertheless, a direct intervention looks more and more likely.

USDJPY jumped above 150.00 for the first time since 1990 but a quick reversal occurred later on. Source: xStation5

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