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USD/JPY cracks the 1.40 barrier as yields push higher

Could USD/JPY be in store for another look at the top?I don't think the market is as worried about +6% Fed funds as it was in October but there's a good chance that the terminal rate stays above 5% for longer than previously thought. The Bank of Japan transition has also proven (so far) to be a non-event.We're seeing multiple USD breakouts today, including against NZD -- which is at the opposite end of the yield spectrum from Japan. That highlights the possibility of USD-specific buying. However... Read More

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Usd

Jpy

Cracks

40 Barrier

Yields

Push

Higher

Usd jpy

Forex

Posted: May 25 2023, 19:25

Author Name: forexlive

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