USD/JPY Breaches Above 160 (21-Month High), Ignoring Intervention Risk
The USD/JPY pair rose to a 21-month high above 160.67, surpassing the previous intervention level despite warnings from Japanese authorities. The move reflects persistent yen weakness amid strong bullish momentum and favorable macroeconomic conditions for the U.S. dollar. Traders are now monitoring the 159.85 level as key short-term support.
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