Dollar Pushes Towards 160.00 as Intervention Risks Mount
The US dollar has strengthened against the Japanese yen, pushing towards the significant psychological level of 160.00 as of current date.
This rally is driven by persistent interest rate differentials and a lack of immediate intervention from Japanese authorities.
Technically, USD/JPY has been in an uptrend since early 2024, with repeated tests at the 160.00 zone.
The latest surge comes as US Treasury yields remain elevated, while the Bank of Japan maintains an ultra-loose monetary policy stance.