Breaking: USD/JPY falls sharply to 149.90 on signs of possible intervention
|The USD/JPY pair fall sharply from 150.70 to 149.90 during the early European session on Thursday. The Japanese Yen soars against the US Dollar (USD) amid the suspect FX intervention by the Japanese authorities. At the press time, the USD/JPY pair is gaining 0.15% on the day to trade at 150.43.
On Thursday, Japanese Prime Minister Fumio Kishida said that the currency intervention is not a contradiction of the policy of shifting money away from savings towards investment. However, investors brace for a possible move if the yen breaches the 150.00 threshold against the USD.
USD/JPY Price Action 15-minute chart
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