USD/JPY Plunges On Another Possible ‘Yentervention’ Alongside Cooling US CPI Inflation
July 11, 2024 at 20:20 PM EDT
USD/JPY plummeted on Thursday, declining 2.6% in a sharp reaction to cooling US Consumer Price Index (CPI) inflation and a broadly suspected “Yentervention” by the Bank of Japan (BoJ) to prop up the floundering JPY.
