USD/JPY hit a 24 year high after the BOJ announcement

USD/JPY hit highs circa 145.40 but has quickly dropped back.

It was threatening to pierce 145 prior to the statement (see previous posts) and did so upon the release. The BOJ is uber-dovish while the Fed is the opposite, so USD/JPY strength si expected.

After hitting those highs the currency fell back rapidly.

Which poses the question has there been intervention? If so its very limited, USD/JPY is circa 144.70 as I update.

While there is no sign of Bank of Japan intervention in the market there are signs of large Pension funds and or exporters hitting USD/JPY quite hard, if so its likely on the request of authorities.

jpy JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term