Alarms, and phones, going off in BoJ bedrooms with USD/JPY above 150

USD/JPY has cracked above 150.

Japanese Ministry of Finance officials will be getting early morning phone calls, as will Bank of Japan officials. Japan has been engaged with the battle to keep the yen from weakening to sharply. They’ve been fighting fundamentals, the main one is the huge interest rate disparity between the US and Japan.

Is been a long time coming and its now at its high of 2023.


This article was written by Eamonn Sheridan at Source