USD/YEN 10 December 2025
The valve has been released
With 10 year yield approaching 2% and potential YCC or similar a possibility, the release valve has become the YEN. Price popped overnight with immediate target of 158.00 to 158.70, double top and trend resistance.
We’re expecting MoF to talk currency intervention but they don’t dare. It’s just words.
After the FED, and assuming they do what the markets have told them to do, watch focus move to Japan and the BoJ meeting on 19th December.