Following remarks made after the Jackson Hole meeting, USD/JPY rose, briefly reaching the 160s. The market is believed to have been influenced by signs of a recovery in confidence in policy.
On 28 August, USD/JPY reacted and rose after remarks by Chair Warsh were made at the Jackson Hole meeting hosted by the Federal Reserve Bank of Kansas City. The market is believed to have moved in response to signs of a recovery in confidence in policy.
USD/JPY was reported to have risen temporarily into the 160s that day, and it was suggested that the trend toward a weaker yen may have strengthened further. The article focuses on the impact of remarks made at the meeting.
Although the article does not provide additional numerical evidence or confirmed timing, it indicates that the dollar-strengthening and yen-weakening move attracted attention as a market reaction following Jackson Hole.