The Japanese Yen falls to a critical level, intensifying intervention risks

The key psychological barrier of the Japanese yen falling to 150 against the US dollar has once again made the intervention risk of the Japanese authorities a focus of market attention. The yen briefly fell by 0.3% to 150.08 yen per US dollar, the weakest since August 1. The yen had been falling for the past two weeks, as investors readjusted to the slower narrowing of the yield spread between Japan and the United States. The outlook for the yen has changed, with Japan's new Prime Minister, Fumio Kishida, hinting earlier this month that Japan is not ready to raise interest rates, but later stating that he seeks to coordinate with the Bank of Japan. Economic reports released by the United States show resilience in the economy, prompting the market to lower expectations of a rate cut by the Federal Reserve, putting pressure on the yen