Yen: Intervention Risk Near 160 Highlighted – DBS Bank

Philip Wee, an analyst at DBS Group Research, stated that the market remains focused on the potential intervention risk by Japanese authorities as USD/JPY approaches the 160 level, while simultaneously underestimating the impact of the overall dollar strength. USD/JPY is currently at 159.25279, having previously touched near 160, a level viewed as a sensitive zone for Japanese authorities' intervention.