BlockBeats reported on Aug. 3 that USD/JPY extended its decline by 170 points within 15 minutes, marking the first break below the 156 level since May 6. The pair was down more than 1% on the day. Earlier, both the United States and Japan had said they would not hesitate to further coordinate and carry out intervention in the foreign exchange market. The move put the 156 threshold back in focus after the pair slipped through the level in a rapid intraday drop. The report tied the latest price action to prior remarks from the U.S. and Japan that they were prepared to step up joint action in the currency market if needed.
BlockBeats reported on Aug. 3 that USD/JPY extended its decline by 170 points within 15 minutes, falling below the 156 mark for the first time since May 6. The pair was down more than 1% on the day.
Earlier, both the United States and Japan had said they would not hesitate to further carry out coordinated intervention in the foreign exchange market.
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