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Quick dip in USD/JPY raises intervention questions

USD/JPY suddenly dipped at an unusual time, sparking speculation of intervention or a fat finger error.

01/10/2026 14:412 min read

Is this an intervention?

The timing of the rapid decline in USD/JPY is unusual for this hour.

Social media memes have been circulating heavily today as the United States appears to be losing grip on the bond market, and that loss of control is reflected in USD/JPY.

The strange part is that there was no significant level or pressure preceding this move. A fat finger error could be the cause, though intervention certainly looks plausible.

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