USD/JPY Approaches 158: Japan Warns of Intervention as Yen Weakens
Japanese officials issued their strongest verbal intervention warning in months as USD/JPY approached 158, a level that previously triggered actual market intervention.
Japanese officials issued their strongest verbal intervention warning in months as USD/JPY approached 158, a level that previously triggered actual market intervention.
The US dollar rallied sharply against major currencies after the Federal Reserve indicated rates would remain at current levels longer than markets expected, sending EUR/USD below 1.0700.