USDJPY breaks above 150 for the first time since 1990!
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
