USD/JPY gyrations continue, back above 156.25

  • USD/JPY dropped earleir but has reciovered much of today's drop now

The swings in USD/JPY persists.

While there was no evidence of intervention earlier there is concern amongst traders that it could hit. Increased nerves is seeing these hot potato swings. I posted earlier on the options expires due around 155.50/60 and this seems to have provided some support:

Update:

usdyen 18 July 2024 232

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