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USD/JPY within touching distance of 150 as higher yields continue to pave the way

10-year yields in the US are up over 4 bps to 4.726% currently and that is continuing to keep the dollar more bid across the board. USD/JPY has been relatively cautious in pushing the invisible boundary set out by Tokyo at the 150 mark but it almost seems inevitable that we will breach past the figure level at this point.Whether or not that will trigger intervention by Japan remains to be seen but the pressure is continuing as Treasury yields are shooting for the stars as seen in the chart above... Read More

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Usd

Jpy

Within

Touching

Distance

Higher

Yields

Continue

Pave

Usd jpy

Forex

Posted: Oct 3 2023, 11:22

Author Name: forexlive

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