![[News] Intel Reportedly Collaborates with 14 Japanese Companies to Develop Semiconductor Backend Process Technology](https://mochipop.net/wp-content/uploads/2024/01/11142447/Intel-Oregon-Moore-Park-at-RA-1.jpg.rendition.intel_.web_.1648.927-624x351.jpg)
USD/JPY EXPECTATION:
- USD/JPY briefly breaks over 150.00, yet after that draws back greatly on indicators that the Japanese federal government has actually actioned in to sustain the yen in money markets.
- Any FX treatment actions will not suffice to sustain the yen on a continual basis.
- As long as the underlying basics do not alter, the USD/ JPY will continue to be in an uptrend.
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Most Read: EUR/USD Sinks to Support, Hangs on For Dear Life, EUR/GBP Stuck
USD/JPY has actually gotten on a favorable tear in 2023, up greater than 14% because January, increased by skyrocketing united state Treasury returns on the back of hawkish Fed plan. Earlier on Tuesday, both pressed over 150.00, the highest possible currency exchange rate because October 2022, yet was promptly slapped reduced in a solid pavlovian response, …
