USD/JPY nears 148.50 as the pressure grows on Japan to act. 8 straight days of gains

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USD/JPY nears 148.50 as the pressure grows on Japan to act. 8 straight days of gains

<p>USD/JPY is up 126 pips in another day of gains and another 32 year high.</p><p>I wouldn't sleep well on the weekend knowing the MOF or BOJ could come in with the hammer at the Tokyo open.</p><p>Earlier today, BOJ Governor Kuroda said that hiking rates now would be the wrong thing to do. Some did note that he didn't address yield curve control, which is a hint that may be the lever he pulls.</p><p>In regards to yesterday's potential intervention, an official said "there will be cases where we will disclose, or not disclose, whether we intervened."</p><p>However the Finance Minister's comments today were fairly weak on the yen.</p>

                This article was written by Adam Button at forexlive.com.

Source: USD/JPY nears 148.50 as the pressure grows on Japan to act. 8 straight days of gains

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