The Japanese yen weakened Thursday, pushing USD/JPY to 159.53 and reigniting speculation over potential official intervention.
USD/JPY rose to 159.53 on Thursday, erasing earlier gains from suspected Japanese currency intervention. The pair approached the psychologically significant 160.00 level, a threshold that previously triggered official action to support the yen.
The yen had strengthened earlier this week following reports of Japan’s first currency intervention since 2022. Market participants remain cautious, monitoring for further moves by authorities amid persistent yen weakness.
Traders are closely watching for signs of additional intervention, though no immediate action was reported following Thursday’s move.