If it wasn't for the fear of intervention, Fed's Kashkari would've sent USD/JPY above 150

<p>USD/JPY hit an 11-month high above 149.15 on Tuesday. Kashkari added fuel to the monetary policy divergence fire between the Federal Reserve and Bank of Japan with his comments:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-kashkari-sees-a-40-chance-of-further-rate-hikes-perhaps-significantly-20230926/" target="_blank" rel="follow" data-article-link="true">Fed's Kashkari sees 40% chance of further rate hikes, perhaps 'significant' hikes</a></li></ul><p>If it wasn't for the worry over Bank of Japan intervention USD/JPY would have gone higher on his remarks. The 150 figure is my guess, could have been more. </p><p>I wonder if we'll get some yen-supportive items in today's minutes (July meeting) due from the BOJ? </p><ul><li><a href="https://www.forexlive.com/news/economic-calendar-in-asia-wednesday-27-september-boj-minutes-australian-inflation-data-20230926/" target="_blank" rel="follow" data-article-link="true">Economic calendar in Asia Wednesday, 27 September – BOJ minutes, Australian inflation data</a></li></ul>

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