Collapsing yen makes it to the front pages<p>Financial Times front page on Wednesday, 7 September 2022 has the new PM and the UK energy crisis and immediately underneath is a report on the yen weakness. </p><p>USD/JPY is circa 142.80 as I post. </p><p>There is market wariness of intervention around these sorts of levels:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-usdjpy-intervention-the-level-to-watch-is-142-to-143-20220904/" target="_blank" data-article-link="true">BOJ USD/JPY intervention - the level to watch is 142 to 143</a></li></ul><p>At the very least you can expect some strident comments out of Japanese officials today on the rapid yen move not being desirable. </p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Collapsing yen makes it to the front pages (https://forexlive.com/centralbank/collapsing-yen-makes-it-to-the-front-pages-20220906/https://forexlive.com/centralbank/collapsing-yen-makes-it-to-the-front-pages-20220906/)
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