Japan Intervention Risks Rise

USD/JPY stays above 160.00 The Japanese yen remains under pressure, with USD/JPY hovering above 160.00. The currency pair has been at these levels since last week, with traders awaiting a catalyst to drive it higher. A 25 bps rate hike by the central bank h

USD/JPY stays above 160.00

The Japanese yen remains under pressure, with USD/JPY hovering above 160.00.

The currency pair has been at these levels since last week, with traders awaiting a catalyst to drive it higher.

A 25 bps rate hike by the central bank has not alleviated pressure on the yen, with USD/JPY staying above 160.00.

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