USD/JPY rose to ¥159.64 and traded above yesterday's high of ¥159.60. It was reported to have reached a new post-intervention rebound high.
USD/JPY rose as the dollar strengthened against a backdrop of higher US Treasury yields, reaching ¥159.64. This was above the previous day's high of ¥159.60, putting the pair near its highest level since 31 July.
The article reports that the pair updated its rebound high after briefly falling following the intervention. The rebound high was said to be around ¥159.61, indicating that the post-intervention recovery was being closely watched.
The article does not give any forecast of future movements at this level or a definitive outlook for price action, and is limited to the facts and observed market levels at the time.