The Nikkei reports that Nomura said this:
- despite a particularly covered decline on the part of those responsible since the end of March when the yen oscillated above the level of 152, “nothing says that they will intervene any time soon”.
The Mitsubishi Trust in the banking sector added:
- JPY fell below 152 in one fell swoop, so intervention could well happen at any time
USDJPY traded in a range up and down today, but reached new highs dating back to 1990. Most recently, the price hit a new high today at 153.304. The pair ran above 152.00 after the CPI data. This took the price above the 2022, 2023, and 2024 highs of between 151.91 and 151.967. Yesterday’s high reached 153.23. Today’s Asian session low price reached 152.75 before moving higher. The New York session low reached 152.78 before returning higher and new highs of the day at 153.304.
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