USD/JPY plunges into the 156 range, although near-term yen depreciation is also expected: New York forex

The story

USD/JPY was reported to have plunged into the 156 range in the New York market. The market move indicates that the pair is in a phase of rapid decline amid yen depreciation.

There is also a view that expectations for near-term yen depreciation remain in place. Attention is focused on developments going forward.

At a glance

Date and timeReported to have occurred in the New York market

ScaleUSD/JPY was reported to have plunged into the 156 range

NatureThere is a view that expectations for near-term yen depreciation are present

Reference information. Every claim resolves to something the story actually named.

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