According to Eurizon SLJ Capital, the dollar has peaked against the yen following the joint US-Japan intervention on July 30-31. CEO Stephen Jen, creator of the 'dollar smile' theory, said on Tuesday the yen could reach 125 per dollar, representing a gain of more than 20% from current levels. The

According to Stephen Jen, CEO of Eurizon SLJ Capital, and economist Joana Freire, U.S. and Japanese authorities' coordinated support for the yen represents a watershed moment that will prevent further declines toward a 40-year low against the dollar. "USD/JPY has likely peaked because both the U.S.

According to Yonhapinfomax, Japanese financial markets were closed on August 11 to observe Mountain Day, a national holiday established in 2014. On the previous trading day, the Nikkei 225 index rose 2.08% to close at 66,970.22, while the TOPIX index gained 0.63% to 4,100.61—the first close above th

According to reports, Japan coordinated with the U.S. to intervene in the yen exchange rate in late July, with USD/JPY falling from a post-1987 peak of 163.99 to 155.25. Meanwhile, U.S. 30-year Treasury yields reached a 19-year high of 5.28% in early August, with 10-year yields climbing to 4.8%,

According to Kyodo News, the USD/JPY exchange rate surged to 159.301 on August 10 (4 p.m. ET), up 1.104% from the previous close of 157.562, marking the first time above 159 yen since the U.S.-Japan coordinated intervention on July 31. The dollar index (DXY) rose 0.260% to 99.818. Japanese

On Monday, the foreign exchange market opened steady with USD/JPY declining 0.08%, EUR/USD rising 0.03%, and the U.S. Dollar Index (DXY) falling 0.04%.

According to the U.S. Bureau of Labor Statistics, on Friday August 7, the yen surged against the dollar after July nonfarm payrolls unexpectedly fell by 23,000 people versus economists' forecast of 80,000 job gains. USD/JPY dropped 1.1% to 157.16 yen before paring losses, moving sharply away from Ju

According to Morgan Stanley, the bank's forex strategists turned bearish on the yen on Friday, citing the fading effects of recent U.S.-Japan currency intervention. The strategists noted that joint efforts by American and Japanese authorities to support the yen provided only temporary support and fa

Morgan Stanley's FX strategists turned bearish on the yen on Friday, citing short-lived effects from recent U.S.-Japan authorities' intervention efforts. David Adams, Andrew Watrous, and Molly Nickolin noted that while joint

On Friday, August 7, USD/JPY fell 0.56% to 157.55 during New York close following the U.S. non-farm payroll report, with the weekly gain at 0.08% and trading range between 155.23-158.57. EUR/JPY declined 0.18% (up 0.40% weekly), while GBP/JPY dropped 0.20% (up 0.26% weekly).