USD/JPY Temporarily Rises to the ¥155 Range, Against Backdrop of Expectations for Faster Rate Hikes; Caution Over Yen-Buying Intervention Continues

The story

The market is reported to have seen USD/JPY temporarily rise to the ¥155 range. Expectations of an acceleration in rate hikes have been cited as the backdrop.

Views that caution over yen-buying intervention remains have been highlighted, and attention is focused on further reports.

At a glance

LevelUSD/JPY temporarily rose to the ¥155 range

BackgroundExpectations of an acceleration in rate hikes have been cited as a contributing factor

Market CautionCaution over yen-buying intervention remains

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