USD/JPY pulls back from recent highs as traders weigh the threat of currency intervention against a softer greenback, ending a two-day winning streak for the pair.
USD/JPY is attracting sellers in the Asian session on Wednesday after a two-day rally took it to a near three-week high the previous day. The yen is recovering as intervention risk returns and the USD is broadly weaker, which points to a lower USD/JPY rather than a higher one. The article gives no levels or size of any intervention, so the move may fade if the dollar rebounds.
The pair is attracting sellers in the Asian session on Wednesday as the yen recovers on intervention risks and broad USD weakness.
No; the article only refers to intervention risks, not a confirmed operation.
The USD/JPY pair retreated during Wednesday's Asian session, snapping a two-day rally that had pushed the currency to a near three-week peak. The decline is driven by a combination of broad U.S. dollar weakness and renewed market speculation regarding potential Japanese government intervention to support the yen.
The pair is attracting sellers in the Asian session on Wednesday as the yen recovers on intervention risks and broad USD weakness.
No; the article only refers to intervention risks, not a confirmed operation.