- Analytics
- News and Tools
- Market News
- Breaking: BoJ intervention sinking USD/JPY
Breaking: BoJ intervention sinking USD/JPY
USD/JPY is sinking in the Tokyo open as Japan's Ministry of Finance confirmed stealth USD/JPY intervention.
On October 21 and 24th of 2022, the Ministry of Finance conducted a stealth operation intervention. At the time, USD/JPY was soaring and made life uncomfortable for the Japanese central bank.
With the US Dollar skyrocketing on Friday's Nonfarm Payrolls and ending Monday as another green day, investors are jittery. The Yen has a habit of reacting swiftly and sharply in the Asian session as it is. Today, and around the announcement, the Yen jumped and broke through a key structure on the charts as the above technical analysis illustrates. This could lead to a first red day and as a foundation for traders to lean on a directional bias for the day ahead.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
