USD/JPY Intervention: Defining Levels and Paths After Rare Joint Yen Defense
The U.S. and Japan executed a joint currency intervention for the first time since 1998, triggering a rapid yen appreciation from 163.99 to 157.47 in days. While the coordinated action marks a milestone in yen defense, market indicators and key technical thresholds suggest the outcome will hinge on whether USD/JPY holds above the 155 pivot or slips…