Usd/jpy Churns Near 157.00 after the Boj’s FX Intervention Shock

USD/JPY traded essentially flat on Monday, settling close to 157.20 after a choppy session that opened with an early-Asia gap lower toward 156.20 before staging a steady recovery through European and US trade.

USD/JPY traded essentially flat on Monday, settling close to 157.20 after a choppy session that opened with an early-Asia gap lower toward 156.20 before staging a steady recovery through European and US trade.