USD/JPY has broken above the key 158.80 resistance, pushing the Japanese yen to a 1.5-year low despite a broadly softer US dollar. Political risk linked to a potential snap election in Japan is overshadowing rate differentials, raising intervention risks as prices approach the 159.45 zone. With US CPI due, volatility in USD/JPY is likely to increase.
13-01-2026 09:28 GMT
by Kelvin Wong