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BOJ Rate Check Fuels Intervention Fears in USD/JPY

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USD JPY
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The USD/JPY pair has seen its largest weekly advance since October 2025, rising more than five big figures from earlier lows. This rebound comes on the heels of a hawkish Federal Reserve and a tough bar for the Bank of Japan to clear.

However, traders are now bracing themselves for renewed intervention activity in the week ahead. A suspected rate check by Japanese authorities on Friday will heighten the risk of central bank involvement, particularly early in the week.

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