Breaking: Japanese Yen surges on suspected intervention, USD/JPY plunges below 161.00
The Japanese Yen is surging accross the board in the American session on Thursday, without a clear catalyst. This development hints that Japanese authorities may finally be intervening in foreign exchange markets following days of speculation.
At the time of press, the USD/JPY pair was down 1.8% on the day at 160.55, while EUR/JPY was losing 1.5% at 184.80, and GBP/JPY was falling 1.4% at 215.45.
Developing story, please refresh the page for updates.
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