On 24 September, USD/JPY rose into the ¥158 range, breaking through the rate-check level. The market is focused on ¥160 as the next key level.
USD/JPY rose into the ¥158 range today, breaking through the rate-check level. Short-term upward pressure is being watched, while concerns about intervention also remain.
Views are spreading that the market is targeting ¥160 as the next rate objective. As a result, the focus of price movements for the time being may shift to activity around ¥160.
The article reviews USD/JPY and discusses its outlook, while providing information on daily exchange-rate movements and related market developments.