LiveSquawk(@LiveSquawk):Dollar-yen has ground from north of 160 to within spitting distance of 155 this week. No intervention, just a slow, steady move. BOJ terminal rate pricing has moved 20 basis points higher. Short yen is a very crowded trade. Every big figure lower makes those shorts more nervous.

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LiveSquawk@LiveSquawk

2026.09.05 09:00

Dollar-yen has ground from north of 160 to within spitting distance of 155 this week. No intervention, just a slow, steady move. BOJ terminal rate pricing has moved 20 basis points higher. Short yen is a very crowded trade. Every big figure lower makes those shorts more nervous.

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