USD/JPY Drops Sharply on Intervention Reports: How It’ll Impact Forex Markets

This article was originally published on ValueWalk


USD/JPY is trading in an aggressive manner today on reports Japan intervened to provide much-needed support to Yen. This marks the first time that Japan directly intervened in the market since 1998. The pair initially soared 100 pips after the Bank of Japan reaffirmed its dovish policy stance, saying it plans to keep interest rates […]