After Historic Intervention, 155 Emerges as Yen’s Next Big Test
Japan’s historic joint intervention with the US is shifting market focus to whether the yen can strengthen beyond 155 per dollar, a threshold strategists view as a key test for the rally’s staying power. The level carries significance far beyond standard technicals. Japan’s April and May interventions briefly dragged dollar-yen toward 155 before it resumed climbing, reinforcing views that…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
