USD/JPY is dropping back after its excursion above 129.00 earlier in the sessionIts been an active day in Japan (read from the bottom up for the chronology):
Japan deputy chief cabinet secretary says FX stability is important
A little more on the Bank of Japan intervention in the JGB market today
BOJ intervention in the bond market
Intervention by the Bank of Japan looks likely today
Goldman Sachs says the probability of USD/JPY intervention has increased significantly.
USD/JPY has given back all its earlier rise, and more. The latest were those comments from the dep chief cabinet minister. He'll get a promotion at this rate!
Source: USD/JPY is dropping back after its excursion above 129.00 earlier in the session (https://www.forexlive.com/centralbank/usdjpy-is-dropping-back-after-its-excursion-above-12900-earlier-in-the-session-20220420/)
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