USD/JPY Posts Biggest Daily Drop Since Early August
The dollar slid 0.92% against the yen on Wednesday to close just above 158.00, marking the largest single-day decline since the early-August intervention period.
USDJPY
USD/JPY closed Wednesday down 0.92% just above the 158.00 handle, its biggest one-session decline since the early-August intervention episode. The move came without any visible action from Tokyo, according to the post.
The source framed the drop as Washington buying the yen again, though not as an intentional currency operation. That points to broader dollar weakness or US-side flows rather than official Japanese intervention.
Despite the sharp daily pullback, the pair still held just above the 158.00 level.
Source: FXStreet Forex News