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fxJul 6, 2026, 6:34 AM

USD/JPY Reverses on Intervention Risks After Touching 162.84

MUFG analyst Teppei Ino noted USD/JPY opened near 161.78 and briefly tested 162.84 before reversing amid Dollar weakness driven by Fed Chair Kevin Warsh's comments and softer US employment data, underscoring intervention risks.

USDJPY

MUFG’s Teppei Ino reviewed recent USD/JPY price action, reporting the pair opened near 161.78 and briefly touched the 162.84 area before reversing. The pullback is attributed to Dollar weakness following comments from Federal Reserve Chair Kevin Warsh and a softer-than-expected US employment report.

Analysts point to heightened intervention risks as the yen strengthened after nearing the 163 threshold. The report suggests the reversal may signal caution among traders ahead of potential official action.

Source: FXStreet Forex News