The USD/JPY pair continues to rise near 157.50 during early trading on Monday. The hawkish stance of the US Federal Reserve (Fed) provides some support for the pair. Meanwhile, the Japanese yen…
Tag: USDJPY
USD/JPY dropped over 500 pips on a likely intervention: Will the trend last?
On April 28, USD/JPY reached 160 at around 09.30 pm EST and promptly fell to 159.40, followed by a large decline to 154.51 around midnight, a move of more than 500 pips….