Is The Yen Broken?

A market-forensic follow up on JPY's insanity over the past 24 hours, what it means (and what it doesn't), and what's ahead.

Dec 08, 2023

∙ Paid

Yesterday, I posted the article below:

Here is what had transpired thereafter:

That’s USDJPY with a single day trading range from 147 down into the 141 handle, and at one point seeing JPY surging over +2% on $1.4bn notional volume traded within a span of 90 seconds - then whipsawing back down again in a spectacular blow off top.

Keep reading with a 7-day free trial

Subscribe to Across The Spread to keep reading this post and get 7 days of free access to the full post archives.