USD/JPY stays above 157 after BOJ hike, intervention fears persist
USD/JPY stays above 157 after BOJ hike; intervention risks persist with yields near 5%.
USD/JPY stays above 157 after BOJ hike; intervention risks persist with yields near 5%.
USDJPY is consolidating in a bullish pennant after a 500-pip rally from 152.93. A break above 157.53-157.70 would confirm continuation toward 158.04.
USDJPY tests the 61.8% retracement at 157.536 after buyers defended the 50% midpoint, with key resistance at 157.90-158.04.
EUR/USD and USD/JPY option expiries at 1.1470 and 157.00 may help keep price action contained, with yen intervention risks heightened due to thin liquidity…
Hedge funds turned net long yen for first time since July 2025 per CFTC data, ahead of rate hikes that later hurt the yen.
Nikkei reports the Bank of Japan conducted an FX rate check, often a precursor to intervention. USD/JPY fell from 158.00 after the report.
The Bank of Japan's 25bp hike, marked by dissents and a less hawkish tone, prompted USD/JPY to swing, but key support and resistance at 156.66 and 158.04 now…
USDJPY jumps toward 158 after BOJ's 25bp hike, but the yen slips as Governor Ueda offers no clear signal for further hikes, while oil and stocks diverge.
BOJ rate hike to 1.25% fails to boost yen; USD/JPY climbs above 157 as split vote raises questions about future tightening.
The yen fell after the BoJ's expected rate hike, as dissenting votes tempered hawkish signals.
Yen falls as Japan inflation misses forecasts, while Aussie gains on RBA Governor Bullock's hawkish comments.
The Bank of Japan is expected to raise rates to 1.25% at today's meeting, with attention on Ueda's guidance and the yen's reaction.
Japan's August CPI data is due as the BoJ is widely expected to raise rates to 1.25%, with swaps pricing a near-certain hike.
Key FX option expiries for September 17 include EUR/USD at 1.1430, 1.1450, 1.1500 and USD/JPY at 156.00.
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.