Post #15383

Yen Intervention Risk Is Back — But I Don't Know When. USD/JPY remains elevated near this year’s highs, holding stubbornly just below major resistance despite nonstop chatter about intervention and possible BOJ rate hikes. Bulls are still in control, but price is stretched — and any rejection from these levels could trigger a sharp pullback if headlines hit at the wrong time. The yen softened today even as expectations rise for a potential BOJ rate hike as early as next month. Reuters reports the BOJ is quietly preparing markets for a move, reflecting growing concern over the yen’s depreciation and fading political pressure to keep rates pinned at the floor. At the same time, Japan’s fiscal outlook and debt concerns continue to weigh on sentiment, leaving the yen vulnerable. Traders remain on high alert for FX intervention — especially into thin holiday liquidity, where Tokyo historically gets “more bang for their buck.”