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Apr 16 - 08:55 PM

USD/JPY - Buoyant On Entrenched Fed-BOJ Policy Divergence

By Krishna K  —  Apr 16 - 07:15 PM
  • USD/JPY well supported in Asia after closing 0.9% higher on Friday

  • Boosted by higher U.S. yields; ; 2-yr yield rallies 13bps, 10-yr up 7bps

  • Hawkish talk from Fed officials, higher U.S. inflation expectations support

  • Chances of 25bps May Fed hike at 98.4% from Thu 68.3%-CME Fedwatch Tool

  • New BOJ head's dovish message to world further undermines JPY

  • Fri 133.84-132.18; resistance 134.00-05,134.50, support 133.50-55, 133.00-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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