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- Japanese Yen declines against the US Dollar due to broad risk aversion on Israel-Palestine tensions.
- FX market intervention from the Japanese authorities may have propped up the weakening Yen as USD/JPY passed the 150 threshold.
- In the US session, USD weakens after a raft of US data releases, including GDP and Jobless Claims.
The Japanese Yen (JPY) has pulled back against the US Dollar on Thursday, but the USD/JPY is up just 18 basis points in the session to 150.30 at the time of writing. This is well below the pair’s intraday high of 150.7780.
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