The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.56, up 0.02%. Earlier, in the day, the yen dropped to a low of 151.91, its lowest level since October 2022. Will the Bank of Japan intervene? The Bank of Japan isn’t known for its transparency and previous currency interventions caught the markets by surprise and briefly sent the yen sharply higher. The BoJ can’t be pleased with the recent slide of the yen, which dropped 1.45% against the US dollar just last week. Earlier today, the yen came within a whisker of the 151.96 level, which is the yen’s lowest ... (full story)