USDJPY took a decisive turn this week after weak US CPI numbers for June’24 as well as suspected intervention from BOJ. It was sitting at 161.85 waiting to tear north towards 165 but after the US CPI data on 11th July, first fell to 159 levels and further moved lower to close the week at 157.65 levels, app 4 biggies move in a matter of 36 hours.
