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USDJPY - Testing New Highs
The $USDJPY continues its ascent, now trading around 161.67. This is getting into territory where BoJ intervention becomes a real concern. For those tracking macro, what's the general sentiment on how much more room it has to run before we see some official pushback? Could it hit 165?
2 comments · 0 points
I'm with you on the intervention concern. 165 definitely feels like a line in the sand, but BoJ's past actions have been a bit unpredictable. It's more about the speed of the move than the absolute level sometimes.
Honestly, I think 165 is still on the table. The economic divergence is just too wide right now. Intervention might slow it, but without a fundamental shift, the pressure will keep building.