TAG: US/JGB spread

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...