This is strange:
At 9:30 PM ET, the Japanese Yen weakened to 160 against the US Dollar for the first time since 1990.
Exactly 2.5 hours after the headlines came out, the ratio just crashed from 160.20 to 156.50.
That's a ~2.5% swing in one of the biggest currencies in the world in a matter of minutes.
Clearly, something is happening here and it comes just days after the Bank of Japan left rates unchanged.
Did someone just intervene?
https://x.com/KobeissiLetter/status/1784801964754158009
..its so fast, I just noticed too.
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