Fundamental Analysis
Posted 7 hours ago
USD/JPY surges past 162, hits 1980s levels
USD/JPY has broken above 2024 highs near 162, reaching levels unseen since the 1980s. Traders are uncertain about Bank of Japan intervention timing and effectiveness, with prospects for successful intervention appearing weak. This affects USD/JPY directly; the pair's sustained strength reflects yen weakness and shapes hedging costs for Japan-linked trades.
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Latest Updates
7 hours ago
Yen hits 40-year low; SCOTUS reinforces Fed independence
The yen weakened to its lowest level since 1986, while the US Supreme Court reaffirmed Federal Reserve independence and protected Fed Governor Lisa Cook's position. USD/JPY rallied sharply on yen weakness; the Fed's reinforced autonomy removes uncertainty around monetary policy credibility and supports dollar strength in risk-on conditions.
https://www.bloomberg.com/news/videos/2026-06-30/bloomberg-brief-6-30-2026-videoReplies
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