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Oct 22 - 06:55 AM

USD/JPY - Upside Has Its Limits As 152 Hurdle Nears

By Justin Mcqueen  —  Oct 22 - 05:35 AM
  • 152 has marked a key pivot for USD/JPY since the BoJ intervened in 2022

  • In turn, bulls may look to take profit ahead of this level

  • The 200DMA at 151.36 will also challenge further upside

  • Elsewhere, the U.S. 10yr yield is testing a key hurdle at the 55WMA (4.21%)

  • After a 60bp move higher in the 10yr yield over the course of a month

  • The 55WMA may cap in short-run, providing a reprieve for the yen

  • Keep in mind that JP officials are beginning to flag weak yen concerns

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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