Fundamental Analysis
Posted 42 min ago
USD/JPY slides 500 pips to 155 as BOJ rate bets rise
Dollar-yen has declined from above 160 to near 155 this week without intervention, driven by a 20bp rise in BOJ terminal rate pricing. The move reflects shifting rate expectations rather than policy action. USD/JPY traders face a crowded short-yen positioning that may amplify volatility as each major figure lower triggers nervous covering, with BOJ rate normalization now a key driver for the pair.
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