Alarms, and phones, going off in BoJ bedrooms with USD/JPY above 150

<p>USD/JPY has cracked above 150.</p><p>Japanese Ministry of Finance officials will be getting early morning phone calls, as will Bank of Japan officials. Japan has been engaged with the battle to keep the yen from weakening to sharply. They've been fighting fundamentals, the main one is the huge interest rate disparity between the US and Japan.</p><p>Is been a long time coming and its now at its high of 2023. </p><p>Reminder:</p><ul><li><a href="https://www.forexlive.com/centralbank/jpy-alert-the-clear-signals-to-watch-for-imminent-bank-of-japan-fx-yen-intervention-20230701/" target="_blank" rel="follow" data-article-link="true">JPY alert: The clear signals to watch for imminent Bank of Japan FX yen intervention</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/the-4-phrases-from-japanese-officials-to-listen-for-signalling-imminent-yen-intervention-20230606/" target="_self">The 4 phrases from Japanese officials to listen for signalling imminent yen intervention</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.