The ScopeGlobal Macro
2026-04-02 07:31 (CN)
THEME TIMELINE
Global FX Market Volatility
Trajectory (Escalating): USD/JPY breaks through the 160 level, hitting a new high since July 2024, with the yen depreciating sharply.; The yen against the US dollar falls to a 20-month low, reflecting market adjustments to expectations for Bank of Japan policy. Key events: USD/JPY breaks through the 160 level (Kyodo News); Yen against the US dollar falls to a 20-month low (Nikkei Asia) Watch: Monitor potential FX intervention actions by the Bank of Japan, and the impact of global risk sentiment on USD and JPY exchange rates.
SOURCE COVERAGE

Source Coverage

Latest Update: 2026-03-28
Sources
8
Mainland
0
HK/Macau/Taiwan
0
Overseas
8
Official
0
Non-official
8
Aggregators
1
Original-reporting Preferred
7
Chinese
0
English
4
Reference Links
30
Countries / Regions: EU / Germany / International / Japan / Turkey / Ukraine
Sample Sources
COVERAGE GAPS

Coverage Gaps

Rule-based observations derived from source mix only.
Coverage leans overseas
WARN
In this window, overseas sources = 8, mainland sources = 0.
No mainland source in view
WARN
No mainland source is aggregated in the current theme window.
English coverage exceeds Chinese
WARN
In this window, English-language sources = 4, Chinese-language sources = 0.
2026-03-28
Open report
Updates
  • Trajectory (Escalating): USD/JPY breaks through the 160 level, hitting a new high since July 2024, with the yen depreciating sharply.
  • The yen against the US dollar falls to a 20-month low, reflecting market adjustments to expectations for Bank of Japan policy.
  • The FX market reacts sensitively to the break of key levels, raising intervention concerns.
Key Events
  • USD/JPY breaks through the 160 level (Kyodo News)
  • Yen against the US dollar falls to a 20-month low (Nikkei Asia)
Watch / Outlook
Monitor potential FX intervention actions by the Bank of Japan, and the impact of global risk sentiment on USD and JPY exchange rates.
Linkage
Yen depreciation / US dollar strengthening / Rise in global risk-aversion sentiment / Capital flows to safe assets
FX intervention concerns / Increased market volatility / Impact on global interest rates and asset pricing
Sources
Yahoo News - World / Ukrinform / Kyodo News English / El Mundo - International News / Die Zeit Politics / Nikkei Asia / Anadolu Agency Politics / El País Internacional
Reference Links