USDJPY flirting with 161 with intervention watch in overdrive
USDJPY getting close to 161 after taking out the previous intervention highs close to 161.20. Mostly likely quite a decent amount of stops triggered as we broke to new highs helping the pair higher.
With treading on fresh ground it means intervention watch is in overdrive in markets.
![USDJPY trades to just below 161](https://s3.tradingview.com/news/image/forexlive:92c655b35094b-dc2ac6ff28ab3d0f80b1d87f5732b1bb-resized.jpeg)
USDJPY trades to just below 161
It's easy to blame the move in US yields for the gain, but to be fair the USDJPY did see a bit of recent divergence from US yields from the middle of the month.
A lot of this week's moves are difficult to trust since we have month-end, quarter-end and half-year end flows to deal with.
Nonetheless, lots of eyes on Japanese officials and the USDJPY today.
![USDJPY and US10Y](https://s3.tradingview.com/news/image/forexlive:92c655b35094b-423e6edf46d84d307b56aff701aae708-resized.jpeg)
USDJPY and US10Y