HIGH IMPACT Yen Surges Again as BOJ Hike Bets Accelerate… — ResearchPips | Market Intelligence & Education — TG.ME

🔴 HIGH IMPACT Yen Surges Again as BOJ Hike Bets Accelerate, Intervention Speculation Persists The Japanese Yen extended its sharp rally on Thursday, strengthening nearly 1.5% to around 156.36 per Dollar at its strongest point, after an abrupt move higher in the previous session initially triggered speculation that Japanese authorities may have intervened in the FX market. However, there is still no… Why it matters: The combination of rising BOJ rate expectations and reduced expectations for near-term Fed tightening narrows the US-Japan rate differential that has supported USDJPY and Yen-funded carry trades. Intervention uncertainty adds another layer of risk, increasing the incentive for traders to reduce crowded Yen-short positions. https://researchpips.com/market-feed/yen-surges-again-as-boj-hike-bets-accelerate-intervention-speculation-persists/