JPY: Tolerance band being stretched - INGUSD/JPY is trading at 160.54 at the moment of writing after breaking through the levels that had triggered a large-scale FX intervention in April and touching 106.87 (38-year highs) overnight.
Source: JPY: Tolerance band being stretched - ING (https://www.fxstreet.com/news/jpy-tolerance-band-being-stretched-ing-202406271149)