USD/JPY rose to the 160 level on Aug. 28, marking the first time the pair has reached that threshold since July 31. According to BlockBeats, the move came after the dollar kept strengthening against the yen during the session. The report also noted that only about one month has passed since the last joint intervention by the United States and Japan. No further details were provided in the source update. As a brief market alert, the item focused on the spot move in the exchange rate and the timing relative to the previous coordinated action by the two sides.
USD/JPY climbed to the 160 mark on Aug. 28, the first time the pair has reached that level since July 31, according to BlockBeats.
The outlet said the dollar continued to strengthen against the yen and noted that only about one month has passed since the last joint intervention by the United States and Japan.
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