USD/JPY (6J) — consolidating in normal regime

Market bearish JPY with USD/JPY pushing through 160, carry trade reasserting and intervention effects eroding; consensus expects testing of 162-165 zone absent fresh BoJ hawkish catalyst, with September 17-18 BoJ meeting as next major inflection point but growing skepticism of hawkish delivery given

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USD/JPY (6J) — consolidating in normal regime