USD/JPY Drops 0.5% to 153.65, Trades Low of 153.29 Amid BOJ Warnings, Yen Strengthens Against G-10

On November 19, 2024, the USD/JPY exchange rate experienced notable fluctuations, dropping to 153.65 from a previous high of 154.45. The currency pair traded as low as 153.29 during the session, reflecting a 0.5% decline to 153.88. The Bank of Japan (BOJ) has issued warnings about excessive one-way moves in the currency market, though there has been no official intervention reported at this time. Additionally, the Japanese yen strengthened against G-10 currencies, rising 0.3% to 154.17 against the US dollar earlier in the day.