USD/JPY is sitting just shy of 147.90 as I post.
Recent highs are arojund here from late June, and mid-May before that.
I am wondering when the Bank of Japan and Japanese government will begin to worry about the yen weakness nough to try verybal intervention? 150 is a big round number, probably just before then I’s suggest. What say ForexLive traders out there? In the comments please!
This article was written by Eamonn Sheridan at www.forexlive.com.