Description
⋅ Yen weakness despite...
- BoJ Exited negative rates regime
- Increasing geopolitical uncertainty
- Gold at historic highs of 2430
In 2022 and 2023, when the USDJPY approached the 152 price level, open/discreet intervention was in place to strengthen the Japanese Yen.
However, in 2024, the USDJPY has now surged past the 152 resistance level, with the Japanese Yen continuing to show signs of weakness.
Could 155 be the next target price level for an intervention?