Free Trial

USD/JPY Hits New Recovery High, Renews Intervention Risk

JPY
  • Gains for USDJPY continue apace through the Thursday open, briefly printing Y150.63 - the best levels since the pre-intervention October high last year. Solid early currency volumes across futures - the recent strength in spot helps tip cumulative JPY futures volumes to 50% above average for this time of day.
  • Worth noting the pace of the rally above Y150.50 has been notably slower relative to October strength: it's taken nine weeks to rise from Y145 - Y150, a move that took only 3 weeks last year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.