Yen falls to 160 level, prompting warnings from Japanese officials - Reuters
FX
The Japanese yen has weakened to the 160 level against the dollar, triggering verbal warnings from Japanese government officials. This sets up a classic intervention-risk trade where the threat of BOJ/MOF action creates asymmetric downside for further yen shorts.
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Angle
↑ LONG+3% target-1% stop1-2 weeks tactical
Fade further USD/JPY upside via long FXY — 160 is the MOF's red line and intervention risk is now acute, making fresh yen shorts asymmetrically dangerous.