The USD/JPY pair remained strong above 16.00 despite a decline in the US dollar and bond yields following a confirmed ceasefire. Markets witnessed record short bets against the yen ahead of central bank meetings, prompting Japan's Finance Minister Katayama to announce readiness for strong action against speculative moves. The pair is currently facing a technical resistance zone between 160.90 and 161.95.
Japan's Finance Minister signals readiness for market intervention as USD/JPY approaches key technical resistance levels amid speculative pressure.
Read the full storyFinance Minister Katayama signals readiness for strong action against speculative forex moves as the Yen remains under pressure.
USD/JPY holds above 16.00 as markets hit record short positions against the Yen ahead of a pivotal week for central bank policy.