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USD/JPY cracks 143 as the US dollar catches an early-August bid

USD/JPY has added to gains, rising 75 pips to just above 143 for the first time since July 6.I made the case for USD/JPY longs on Friday because the change to yield-curve control doesn't undo the carry trade:The path for the yen is lower until the Ministry of Finance says it's not. Given the booming risk trade, I can't see any reason to buy the yen or to take off USD/JPY longs.The trade is getting help from the dollar side of the equation today as Treasury yields move higher. US 10-year yields... Read More

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Usd

Jpy

Cracks

Dollar

Catches

Early

August

Usd jpy

Early august

Forex

Posted: Aug 1 2023, 12:19

Author Name: forexlive

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