The Japanese Yen (JPY) extended its gains versus the US Dollar (USD) amid a suspected intervention by the Bank of Japan (BoJ) that happened late on Wednesday during the North American session.
USD/JPY falls over 0.70% amid suspected BoJ intervention boosting Yen; pair shows short-term bearish momentum Sellers target below 153.00, with supports at 152.00 and 50-DMA at 151.87. Recovery above 153.00 could challenge resistances at 154.00, 156.28, with upside towards 157.00 and 157.98. The Japanese Yen extended its gains versus the US Dollar amid a suspected intervention by the Bank of Japan that happened late on Wednesday during the North American session.
USD/JPY Price Action – Daily Chart Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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