USD/JPY Spike at 157 Fades as BoJ’s Hawkish Stance Eyes 150–140
The USD/JPY pair commenced Monday with a surge towards 157.30, influenced by market reactions to the US’s actions against Venezuela’s President Nicolás Maduro. However, it subsequently retraced to the 156.5–156.8 range as equities, Bitcoin, and crude oil found stability. The initial surge into the dollar due to “geopolitical shock” was not maintained: S&P 500 futures … Read more


