USD/JPY Sharpest 4-Hour Drop Since May Spurs Intervention Talk

USD/JPY suffered its largest four-hour decline since May, falling through the 50-period exponential moving average on the four-hour chart. The sharp move has reignited speculation that Japanese authorities may have stepped into the foreign exchange market to support the yen.

Traders are now closely watching for any confirmation from the Bank of Japan or Ministry of Finance, as intervention risk remains elevated following the break of a key technical level.