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
Source:
Refinitiv IFR Research/Market Commentary