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USD/JPY has risen in 10 of the past 12 trading days. What's next

The repricing of Fed hikes higher for longer has been felt in USD/JPY more than anywhere else in the forex market. The pair has risen in 10 of the past 12 trading sessions and one of those declines was only 6 pips.At the moment, the pair is carving out a new high that dates back to November at 140.72.There isn't much standing in the way of the march higher and it's confirmed by a break higher in US 2-year yields above 4.50%. Be warned though, US 2s faded 7 bps today after hitting 4.63% and the 1... Read More

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Posted: May 26 2023, 18:04

Author Name: forexlive

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