The Japanese yen has fallen for consecutive days, approaching the 160 mark, with intervention risks resurfacing

As Japan ends its holiday, the risk of yen intervention has once again become the focus. The yen has fallen for two consecutive weeks, approaching the 160 mark. Strategists believe that the 160 mark will once again test Japan's tolerance for yen depreciation.

Strategists at the Commonwealth Bank of Australia stated that if the USD/JPY breaks above 160, it will increase the likelihood of official intervention, especially considering that Japan has recently conducted a currency check.