Why is the Japanese Yen surging when no one is intervening this time?
The Japanese Yen (JPY) continues to build upward momentum, pushing USD/JPY down to 152.88 before consolidating around 153.26 as markets fully price in a 25-basis-point rate hike from the Bank of Japan (BoJ) in September.
We haven't written up this one. FXStreet has the full story — the link below goes straight to it.