USD/JPY Briefly Surges to 161.90 on June 22, Falls Back to 161.20 Amid Market Volatility

USDJPY0.24%
According to Jin10, the US dollar against the Japanese yen briefly rose above 161.90 on June 22 before rapidly declining to 161.20. The pair subsequently recovered to 161.65 as buyers stepped in. The move came close to the 2024 intraday high of 161.94 but did not break through. Japanese officials have reiterated warnings that they are closely monitoring market developments.
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