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Oct 25 - 04:55 PM

USD/JPY - Breaches 150 Hurdle Again On Treasury Yields Rise, Dwindling Dips

By Randolph Donney  —  Oct 25 - 02:45 PM
  • USD/JPY's high on Wed was at 150.05 on EBS as of this writing

  • Still below Oct's 2023 peak at 150.165, Monday's 150.14 high

  • Gains powered by rising Tsy-JGB yld spreads

  • Another upside breakout attempt looks likely sans US data misses

  • Uptrend pullbacks have dwindled, with TL prop at 149.51 on Thur

  • Bulls with hefty carry in their favor face MoF yen selling risk 150+

  • Particularly if 2022's 32-year yen low looks to be in market's sights

  • Thur's US GDP, durables, claims and pending homes impact on yields eyed

  • Fri brings core PCE, income, spending and U Mich

  • Some questions about how much Tsy ylds rise is on hot data vs fiscal risk

  • Brewing geopolitical risks impact on oil and oil importers (Japan) eyed

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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