USD/JPY collapses below 150.00, intervention?

Japanese yen soars suddenly across the board on potential intervention.
Volatility at extreme levels in JPY crosses.
USD/JPY falls 300 pips from the top, find support so far around 149.00.

Matías Salord FXStreet

The USD/JPY lost three hundred pips during the last minutes rising suspicion of an intervention from Japanese authorities. The pair rose to as high as 151.92 earlier on Friday, the highest level since August 1990 and it has recently dropped below 149.50.

The Bank of Japan and the Finance Minister could be behind the dramatic decline. The pair is now negative for the day and it could post the first decline in more than two weeks.

Analysts doubt about how successful could be an intervention while fundamental conditions remain the same with and ultra-accommodative Bank of Japan and the Federal Reserve rising aggressively interest rates.

Volatility at current times is at extreme level in USD/JPY, with the pair moving more than 30 pips by the minute.

USD/JPY technical levels

USD/JPY

Overview
Today last price	150.48
Today Daily Change	0.33
Today Daily Change %	0.22
Today daily open	150.15

Trends
Daily SMA20	146.12
Daily SMA50	142.36
Daily SMA100	138.81
Daily SMA200	130.19

Levels
Previous Daily High	150.29
Previous Daily Low	149.55
Previous Weekly High	148.86
Previous Weekly Low	145.24
Previous Monthly High	145.9
Previous Monthly Low	138.78
Daily Fibonacci 38.2%	150.01
Daily Fibonacci 61.8%	149.83
Daily Pivot Point S1	149.71
Daily Pivot Point S2	149.26
Daily Pivot Point S3	148.97
Daily Pivot Point R1	150.44
Daily Pivot Point R2	150.73
Daily Pivot Point R3	151.18

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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