- The Japanese Yen rapidly strengthens across the board, indicating possible intervention.
- USD/JPY plunges from above 150.00 to 147.28 within a few minutes.
The USD/JPY experienced a sudden collapse, plunging more than 250 pips within a few minutes. The pair, which had been trading above 150.00 following the release of better-than-expected US data, sharply dropped to 147.28 and then rebounded to 149.00.
Significant volatility was observed in Yen crosses due to recent developments, indicating a potential intervention by Japanese officials to strengthen the currency. The trigger for this could have been the USD/JPY rising above 150.00 following the release of positive US economic data. However, no official announcement has been made thus far.
The US JOLTS Job Opening report exceeded expectations, coming in at 9.61 million in August, surpassing the consensus estimate of 8.8 million. Following the report, the US 10-year Treasury bond yield surged to 4.74%, reaching a new high not seen since 2007. This boost in yields propelled the USD/JPY above 150.00, with the pair peaking at 150.15, the highest level in almost a year, before the dramatic reversal occurred.
|Today last price||148.95|
|Today Daily Change||-0.90|
|Today Daily Change %||-0.60|
|Today daily open||149.85|
|Previous Daily High||149.88|
|Previous Daily Low||149.37|
|Previous Weekly High||149.71|
|Previous Weekly Low||148.25|
|Previous Monthly High||149.71|
|Previous Monthly Low||144.44|
|Daily Fibonacci 38.2%||149.69|
|Daily Fibonacci 61.8%||149.57|
|Daily Pivot Point S1||149.53|
|Daily Pivot Point S2||149.2|
|Daily Pivot Point S3||149.02|
|Daily Pivot Point R1||150.03|
|Daily Pivot Point R2||150.21|
|Daily Pivot Point R3||150.54|
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