USD/JPY Price Reverses Course Amid Coordinated Intervention
The USD/JPY exchange rate has been experiencing a significant reversal, dropping over 3% in just five sessions from its July peak near 164 to a low around 155.35.
This swift decline was triggered by coordinated intervention from Japanese and U.S. authorities, who entered the market together.
However, the pair has since retraced approximately 32.3% of the entire decline in just four sessions, reaching 158.14.