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USD/JPY continues the breakout as it touches 143 for the first time since November

USD/JPY touched 143.00 for the first time since November as the market frets about rate hikes.The thinking throughout market is increasingly that central banks are headed for higher terminal rates and at risk of overdoing it. The confirmation for the breakout in USD/JPY will come from Treasuries and a new high above 4.80% in US 2-years.At the moment, US 2s are up 9 bps to 4.797%.One of the sources of concern is the US housing market and the increasing realization that prices are more likely to g... Read More

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Content Topics

Usd

Jpy

Continues

Breakout

Touches

First

Time

Since

November

Usd jpy

Forex

Posted: Jun 22 2023, 17:24

Author Name: forexlive

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