Market AnalysisIMPORTANTJuly 30 at 09:37 AM

[MARKET UPDATE] USD/JPY sees sharp downside; falls 130 pips from 162.80, thereafter extending move to 200 pips below 161 to a 160.78 base; size and resilience of the move is potentially indicative of a rate check/intervention, nothing confirmed yet

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USD/JPY dropped sharply to 160.78, fueling speculation of a Japanese rate check or intervention. This occurs amid Fed rate holding and upcoming BOJ policy decisions.

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[MARKET UPDATE] USD/JPY sees sharp downside; falls 130 pips from 162.80, thereafter extending move to 200 pips below 161 to a 160.78 base; size and resilience of the move is potentially indicative of a rate check/intervention, nothing confirmed yet

What do investors think?

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