USD/JPY rises above the ¥158.00 level. With ¥160 within sight, will Japanese authorities intervene again?

The story

During Asian trading hours on Thursday, USD/JPY was trading above 158.00 and is expected to close above approximately 158.43, around its 200-day moving average.

This could mark the first break above this level since September 4, and attention is focused on Japanese authorities as the pair approaches the ¥160 level.

At a glance

DateAsian trading hours on September 24

LevelUSD/JPY above the ¥158 level

Target levelExpected close above approximately 158.43, the 200-day moving average

TrendAttention is focused on whether Japanese authorities will intervene as the ¥160 level approaches

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