Published: 2024-02-14T05:49:00.000Z
USD/JPY flows: Verbasl Intervention after jump from U.S. CPI
FX Analyst
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USD/JPY jumped past 150 after stronger than expected U.S. CPI
Japan Suzuki closely watching FX market moves with strong sense of urgency
Following the strong overnight U.S. CPI, USD/JPY has jumped past 150 figure to a higher of 150.88. We are hearing verbal intervention from Suzuki saying that he is closely watching FX market moves with strong sense of urgency. While in a medium run, the JPY should correct on yield differential narrowing, the BoJ and Japanese Finance Ministry may react to short term slump in the JPY.
On its mark, USD/JPY dropped 0.19% to 150.48.