Explore eFXplus Derived Data That Drive Results
A Data Partner of:
May 02 - 07:55 AM

USD/JPY - Volatile USD/JPY Very Bullish Despite Japan's Suspected Actions

By Martin Miller  —  May 02 - 05:50 AM
  • Yen weakens, paring sharp rise after suspected intervention nL1N3H50CR

  • Ex-official: FX intervention signals 160 yen line in the sand nL1N3H505L

  • However, Japan will likely struggle to keep a lid on USD/JPY nL1N3H50LB

  • Huge rate differential between Fed and BOJ keeps USD/JPY bias on the upside

  • USD/JPY chart medium-term outlook is still very bullish nL1N3H50G3

  • Spot has seen a 154.15-156.28 range, according to EBS data, on Thursday

  • USD/JPY and EUR/JPY pairs maintain strong 30/60-day positive correlations

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved