Previous close | 0.0065 |
Open | 0.0065 |
Bid | 0.0065 |
Day's range | 0.0065 - 0.0065 |
52-week range | 0.0063 - 0.0075 |
Ask | 0.0065 |
The Bank of Japan may have intervened in this pair, but at the end of the day, there is very little they can do to change the trend, only being able to slow it down.
The USD/JPY pair is one we are going to be talking about for some time. The issues in this pair are structural, not temporary.
The USD continues to crush the Japanese yen, as the interest rate differential isn’t going anywhere, and the Bank of Japan has essentially given up at this point, despite a potential intervention on Monday.