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Verbal intervention weighs on USD/JPY as dollar softens

USD/JPY fell more than 150 pips on the day, while the dollar drifted lower as inflation worries eased and oil dropped on Iran peace talk headlines.

Reported · Written up by our desk · Major Pairs

Forexlive said the day’s main market move came from verbal intervention on the yen, which pushed USD/JPY down by more than 150 pips.

The outlet noted investors were watching for possible official USD/JPY selling, including concerns about intervention risks into the open and around late-week trading.

It also cited a slightly softer dollar, attributing the move to easing inflation worries.

In parallel, the report pointed to Iran peace talk headlines as a driver of broader risk sentiment, noting oil fell more than $3 from the day’s highs.

Latest closeUSD/JPY 158.89 ▲0.9%

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