USD/JPY climbs to 15-day high above 150.00 on high US yields, geopolitical tensions

Share:

• USD/JPY reached a new 15-day high at around 150.05, but fears of Japanese intervention led to a quick rejection.
• Wall Street continues to print losses, while the US 10-year benchmark note rate is 4.95%, supporting USD/JPY.
• Upcoming data includes Foreign Bond Investment and Stock Investment by Foreigners in Japan and third-quarter GDP and unemployment claims data in the US.

USD/JPY reached a new 15-day high at around 150.05, though the price was quickly rejected, as seen by the 5-minute chart, amid fears of Japanese authorities’ intervention in the Forex markets. At the time of writing, the pair exchanges hand volatile within the 149.90/150.00 area, registering gains of 0.05%.