USD/JPY hits two-year high as US jobless claims fall, sparking intervention concerns in Japan.

The USD/JPY pair rose due to lower-than-expected US jobless claims and a strong US Dollar Index, reaching a two-year high. The Japanese yen fell 11% against the US dollar in December, causing concerns about possible intervention. Japan's Manufacturing PMI slightly improved but showed a sixth month of deceleration. The Bank of Japan's policymakers are divided on rate hikes, with Governor Ueda's stance crucial for future rate decisions. The USD/JPY outlook remains bullish, potentially reaching 160, but could face volatility due to potential intervention by Japan.

3 months ago
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