Japan Signals “Sense of Urgency” on Yen Depreciation as USD/JPY Hits 149

Japan’s verbal intervention re-entered the spotlight today as USD/JPY briefly surged above the 149 mark amid a quiet Asian session. Yen continues to face pressure from the strong rebound in Dollar, driven by traders abandoning bets on of a 50bps Fed rate cut in November. Additionally, rising US and European yields exacerbated Yen weakness. Japanese […] The post Japan Signals “Sense of Urgency” on Yen Depreciation as USD/JPY Hits 149 appeared first on Action Forex.