USD/JPY closed above 160 for the first time since April, and while traders in New York and London watch the level for intervention risk, the more consequential story may be unfolding across the rest of Asia. A yen this weak rewrites the region’s competitive math. Korean and Taiwanese exporters lose pricing power against Japanese rivals; […]
USD/JPY is back above 159, and the reason is as old as the hills: yield differentials. The pair has been climbing for three straight weeks — from 156.85 in early May to 159.3 by Thursday — and the pattern is familiar to anyone who traded the yen over the past two years. When the gap […]
The yen’s early-May reprieve is officially over. USD/JPY closed Friday at 159.35 and touched 159.75 intraweek, fully erasing the correction that took the pair down to 155.05 just three weeks ago. If you’re scoring at home, that’s a 470-pip round trip, and the message is unambiguous: every dip in this pair is still being bought. […]
A week ago, USD/JPY was flirting with 160.70 and traders were dusting off their intervention playbooks. This week, the pair closed at 156.85 — its lowest in a month — and nobody is talking about Tokyo anymore. The speed of the reversal tells you everything about how this market is trading. The April surge in […]