2d • General discussion
USD/JPY- Keep selling 🤘🏼
USD/JPY has dropped sharply today, with the dollar weaker and the yen stronger after a big downside move from the high‑150s into the mid‑150s and even low‑150s area.
What changed today
• USD/JPY is trading around 153–154 after falling roughly 1–1.5% since yesterday, an unusually large daily move for this pair.
• The pair has sold off nearly six yen from recent highs near 159, reflecting strong yen buying and broad dollar weakness.
Why it moved
• Markets are reacting to speculation and signs of yen-supportive intervention or the risk of it, which has sharply reversed prior yen weakness.
• At the same time, the dollar is under pressure on expectations of Fed rate cuts and questions around US policy, which is weighing on USD across the board.
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USD/JPY- Keep selling 🤘🏼
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