has shown some weakness against the Japanese yen during Thursday's trading session, solidifying the idea of the ¥137.50-¥138 level being a significant resistance barrier. This level has seen a lot of resistance previously, and breaking above it could lead to quick gains.
The central bank has been committed to keeping the 10-year yield below 50 basis points, which requires printing yen to buy Japanese bonds. This puts downward pressure on the currency's value, which could limit its strength in the forex market. While its effectiveness as a lagging indicator remains to be seen, it is worth noting as a potential factor in the market's movements.
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