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Oct 20 - 08:55 AM

USD/JPY - Trades Above 150.00 For The First Time Since 1990

By Peter Stoneham  —  Oct 20 - 06:40 AM
  • USD/JPY hits a new 32-year high of 150.09 according to EBS pricing

  • Market now stepping cautiously as intervention threat increases

  • Japan top ccy diplomat: always ready to take appropriate action nT9N31104N

  • Dollar has gained 30% vs the yen in 2022: CB policy divergence underpinning

  • Many see intervention futile - USD broadly bid, US yields high, BoJ easy

  • Option barriers reported cleared away at 150.00 and exporter offers too

  • Move above 150.00 has also left behind multi-bln Thurs option expiries

  • The 151.00 level and upper 10-week Bollinger at 151.31 are potential targets

    For more click on FXBUZ






Source:
Refinitiv IFR Research/Market Commentary

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