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The Japanese yen remained relatively unchanged on Monday, with the USDJPY pair hovering just below the 156 level.
Market attention remains focused on the potential for further government intervention to support the currency, following at least two instances of intervention earlier in May. The government has stepped in to manage the USDJPY pair after it reached 34-year highs above 160.
Although the 160 level is considered a critical threshold for government action, analysts caution that intervention could occur before reaching that point. This ongoing intervention watch contributes to market uncertainty surrounding the Japanese yen’s movements.
