The USD/JPY declined by 0.42% on Thursday. Following a 0.16% loss on Wednesday, the USD/JPY ended the day at 149.891. The USD/JPY rose to a high of 150.567 before falling to a low of 149.509. Interventions and Recessions On Thursday, the USD/JPY ended the session in negative territory despite Japan falling into a technical recession. The renewed threat of a Japanese government intervention to bolster the Yen limited the USD/JPY reaction to the Q4 GDP numbers. In Q4, the Japanese economy contracted by 0.1% quarter-on-quarter. An unexpected fall in private consumption contributed to the economic contraction. Despite ... (full story)