TAG: JGB yields
USD/JPY: Persistent JPY bearish trend intact despite growing intervention risk
Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%. The latest set of softer-than-expected Tokyo’s CPI may push back the timing of the next BoJ’s interest...
5 months ago
USD/JPY Technical: JPY strength halted right at the 151.70 support as BoJ hiked interest rate. What’s next for the JPY?
BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor m...
2 months ago