Key takeaways Yen weakness persists despite intervention risks: USD/JPY surged to a 21-month high above 160.45, brushing off verbal intervention warnings as bullish momentum remains firmly intact. Macro drivers favour further upside: Rising oil prices and a widening US–Japan rate differential (Fed more hawkish vs BoJ’s gradual stance) continue to pressure the yen, reinforcing USD/JPY’s […]The post Chart alert: USD/JPY breaches above 160 (21-month high), ignoring intervention risk appeared first on ActionForex.