JPY/USD

USD/JPY, GBP/JPY, EUR/JPY: Price action setups as yen strength builds

USD/JPY has printed a clean key reversal after another extended push higher, aided by a series of hawkish policy remarks from leading Japanese policymakers. However, while the yen was the top performer on the session, the timing raises a question mark, arriving on March 30, a day before quarter-end and the end of Japan's fiscal year, leaving open whether the move reflects a genuine shift in direction or is being distorted by calendar-driven flows.