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Oct 12 - 06:55 AM

USD/JPY - Soars Above Previous Intervention Level Without Action

By Martin Miller  —  Oct 12 - 04:50 AM
  • Dollar at 24-year top on yen after U.S. yields jump nL1N31D0FS

  • USD/JPY has soared from 145.60 to 146.39 on Wednesday, according to EBS data

  • 145.90 was the level that prompted Japan's yen intervention last month

  • Chart shows bulls are unleashed to retest 1998 147.64 peak nL1N31D0C5

  • Japan warns against yen sell-off, eyes intervention nL4N31D0LB

  • Dollar typically climbs against the yen in October nL1N3130K9

  • EUR/JPY's log correlation with USD/JPY is high, 60-day measure above +0.50

Source:
Refinitiv IFR Research/Market Commentary

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