SpaceX Option🚨 The Bank of Japan may have just intervened in the currency market.
USD/JPY hit a 40-year high of 162.84 yesterday, then plunged to 160.90 within a few hours.
A nearly 1.18% drop within a few hours is not normal market volatility.
Japan spent 72-73 billion USD on the same operations in April and May, aggressively selling dollars and buying yen to defend its currency at extreme levels.
Both charts show the same pattern: a new extreme high, followed by a sudden, sharp reversal.
There is no official confirmation yet. But the scale and speed of this move point to only one thing.
Even after the drop, the yen is still hovering near its weakest level in 40 years.
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