USD/JPY Plunges: Yen Intervention and US CPI Inflation Impact
Thursday, 11 July 2024, 20:58
USD/JPY Plunges: Yen Intervention and US CPI Inflation Impact
The USD/JPY pair dropped 2.6% due to cooling US CPI inflation.
Speculations on a Yen intervention by the Bank of Japan added to the decline.
- USD/JPY declined sharply by 2.6%.
- Yen intervention by BoJ suspected as a factor.
Investors closely watched how these events affected the currency pair's performance.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.