Breaking: USD/JPY pops 149.00, highest since June 1990s – by FXstreetNews Breaking USDJPY
USD/JPY has pierced the 149.00 level as per the following 5-month chart:
Each country would respond appropriately to an agreement on foreign exchange market moves by the Group of Seven and G20 meetings last week, he said.'' The yen has declined nearly 30% against the dollar this year already as the divergence between the US Federal Reserve's hawkish stance and the Bank of Japan's ultra-lose policy. Last month, Japanese authorities conducted their largest-ever currency intervention to support the rapidly falling yen, having spent 2.84 trillion yen for its efforts which yielded a fleeting effect.
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