The Japanese yen simply sank to its weakest degree towards the U.S. greenback since December 1986!
USD/JPY pushed by way of 162.00 throughout Tuesday’s Asian session, reaching a degree final seen when the Chilly Warfare was nonetheless in its closing stretch.
For merchants, the true query now is not why the yen is that this weak. It is when Japan steps again in, and what that might do to USD/JPY if it does.
