USDJPY breaks above 150 for the first time since 1990!
The Japanese yen continues to weaken amid lack of policy tightening from the Bank of Japan. USDJPY jumped above 150.00 today for the first time since 1990, reaching a fresh 32-year low. The pair traded only briefly above this hurdle as a quick reversal occurred after the break. So far, it is unclear whether a pullback was triggered by profit taking or by Ministry of Finance/Bank of Japan intervention. Japanese authorities make verbal interventions on a daily basis but those no longer move JPY. Nevertheless, a direct intervention looks more and more likely.
USDJPY jumped above 150.00 for the first time since 1990 but a quick reversal occurred later on. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
