USD/JPY hits 152.89, strongest in nearly seven months, as BOJ hike bets build

USD/JPY reached 152.89, its strongest level in nearly seven months, reversing from near a 40-year yen low. KuCoin attributes the move to BOJ rate-hike bets, stronger Japanese data and mass short covering, with hedge funds continuing to unwind USD/JPY shorts on Wednesday, per Bloomberg.

Detected & updated continuously · Source: Nebula