USDJPY has finally pushed above the 160.00 level, putting immediate intervention risk back on the table.
The higher the pair moves from here, the more traders may need to factor in the possibility of official action from Japan.
Previous intervention episodes have produced sharp drops of several hundred pips, with the pair quickly moving back toward major support zones.
However, it is also worth noting that recent episodes of intervention have produced increasingly shallow pullbacks. On the downside, 158.645 and 156.522 could be the first levels to watch. A break below that zone could bring 155.00 back into play.
Trading involves risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and does not constitute financial advice. Always conduct thorough research and seek professional advice before making any investment decisions.
