USD/JPY: Intervention and weak core CPI cap Yen support – Commerzbank
USD/JPY: Intervention risk and BoJ path guide downside – OCBC
USD/JPY: Intervention supports gradual downside view – MUFG
USD/JPY approaches 157.00 after falling to 155.70 on likely Yen intervention
USD/JPY pair has undergone a violent shift in sentiment over the last 48 hours. After flirting with the psychological 160.00 handle, the pair was met with what appears to be aggressive yen-buying intervention (or the high-stakes threat of it), sending the pair into a tailspin.
The USD/JPY pair experienced a violent shift after the Japanese Ministry of Finance intervened following the breach of the 160.00 level. This estimated $30B intervention sparked a 2.2% yen rally.
USD/JPY: Intervention buys time as risks persist – MUFG
USD/JPY: Intervention talk caps rallies – ING
USD/JPY: BoJ split vote lifts normalization risks – BNY
USD/JPY: Oil prices defends against hawks – Societe Generale
USD/JPY: BoJ caution and intervention risk shape outlook – MUFG
USD/JPY: Market eyes June BoJ hike signal – Commerzbank