Fawad Razaqzada, FOREX.com UK Market Analyst, breaks down the USD/JPY shock move after Japan’s confirmed FX intervention triggered a 500 pip reversal. Despite the sharp selloff, underlying macro forces including wide rate differentials and rising U.S. rate expectations continue to support dollar strength. The key question now is whether Japan will defend the 160 level again or if the broader trend will reassert itself.
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