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USDJPY Soars Past 160.70 as Hawkish Fed Shift and Yield Surge Fuel Rally

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The Story

News Summary

  • The USD/JPY pair surged past 160.70, driven by a hawkish shift in Federal Reserve sentiment and a rise in the US 2-year yield to 4.22%.
  • Market expectations for a September rate hike jumped to 65%, pushing the pair toward 2024 highs despite intervention risks.
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Stored market data

USDJPY price history

153.55 -1.15% over the displayed period

Advisor Snapshot

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