Key takeaways USD/JPY’s sharp intraday reversal bears the hallmarks of official intervention. The sudden 0.5% decline during the Asian-London session, coupled with reports that Japanese authorities may be shifting toward less predictable intervention tactics, suggests policymakers are attempting to curb speculative yen selling without fundamentally altering the prevailing uptrend. Interest-rate differentials continue to favour a […]
The post Chart Alert: USD/JPY Plummeted 0.5% on Suspected Deliberate Intervention, Key Levels to Watch Ahead of NFP appeared first on ActionForex.
