The Japanese Yen (JPY) just staged a dramatic comeback after the BOJ intervened to stop its rapid depreciation! The pair (USD/JPY) plunged from a 34-year low near 160 back down to the 155 level following suspected intervention by Japanese authorities.
Do you think this is a one-time fix or a sign of more intervention to come? The wide interest rate gap between the US and Japan remains a key factor.
Let us know in the comments how you're trading the yen's recent volatility! Are you bullish or bearish on JPY now?
#DooPrime #JPY #Forex #Trading #BOJ #Volatility #CurrencyMarket #Forex #Trading
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