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Apr 05 - 08:55 PM

USD/JPY - Rises With US Yields, Japan's Jaw Boning Of No Avail

By Krishna K  —  Apr 05 - 06:55 PM
  • USD/JPY rallies 0.7% Tue as U.S. Treasury yields rise to multi-year highs

  • US yields rise on hawkish comments from Fed officials; Mar FOMC minutes Wed

  • Usually dovish Fed's Brainard now expects rapid balance sheet shrinkage

  • Fed's George open to 50 bps rate risenL2N2W3162; US 10-year yield up 16bps

  • USD pull backs to remain shallow on diverging Fed-BOJ rate expectations

  • Japan officials' warnings over rapid FX moves taken in stride nL2N2W300Q

  • 123.65, 61.8% of 125.10-121.28 drop threatened; clear break opens 124.20-30

  • Support 123.10-20, 122.70-80 as expectations of a retest of 125.00-10 rise

  • For more click on FXBUZ


The Fed's potential drawdown: Click here

predictions vs reality: fed interest rate edition: Click here

Source:
Refinitiv IFR Research/Market Commentary

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