USD/JPY on the Brink of Prior Intervention Level

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oct 1, 20232023-10-02 04:00:00In a quiet week, USD/JPY continues higher towards 150 relatively unopposed. Japanese MoF to be tested. ✅Read the report 👉https://t...

The prospect of withdrawing form negative interest rates resulted in another push higher in 10-year Japanese Government bond yields – necessitating unplanned bond purchases from the bank. Bond yields have previously been the release valve for a period of above targetand growing wages – two key determinants surrounding the historic policy change. Yields on the 10-year are now allowed to move steadily above 0.5% with an upside limit thought to be around the 1% marker.

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