USD/JPY trades positively above 155.80 due to US Fed's hawkish stance and Japan's reduced JGB purchases, with potential BOJ intervention at 160.

The USD/JPY pair is trading positively above 155.80, supported by the US Fed's hawkish stance and Japan's reduced JGB purchases. Japan's former Chief Cabinet Secretary Kato suggests that the country's monetary policy may revert to positive interest rates as it transitions to rising prices and wages. USD/JPY rate of 160 could trigger BOJ intervention, with JP Morgan analysts predicting an initial target of 156.26.

May 13, 2024
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