Yen is the focus with Bank of Japan intervention yesterday driving USD/JPY from highs ciurca 142.70/80 back under 141 at one stage.
- ForexLive European FX news wrap: Japan intervenes to buy the yen, first time since 1998
- Forexlive Americas FX news wrap: Today had everything
Japanese markets are closed today, Friday, 23 September 2022. USD/JPY has fallen on the session so far. The moves have been substantial but look tiny in context of multi-big figure move Thursday. I've zoomed the chart below to reflect this.
A response from ING suggest further volatility to come, that they got right!