Speculation of government intervention has caused a shock in the market for the Japanese Yen. The Yen experienced a significant surge against other major currencies, leading to a sharp spike in price. Unconfirmed reports have indicated that the Japanese authorities may have intervened. The BOJ's ultra-loose monetary policy approach has kept the Yen on the back foot against other currencies. USDJPY fell approximately 1.94% after reaching 150.10 but has since recovered some of its loss and consolidated around 149.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.