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Jun 14 - 04:55 PM

USD/JPY - Back By 24-Year Highs Awaiting Huge Fed Rate Hike Confirmation

By Randolph Donney  —  Jun 14 - 03:00 PM

  • USD/JPY was up 0.38% and nearing Monday's 135.22 24-year EBS highs

  • 2-yr Tsy yields up 13.5bp as back-to-back 75bp rate hikes are priced in

  • A breakout past 135.22 could unleash a run at 1998's 147.63 peak

  • MoF push back aside, most BOJ's likely to do to help yen is raise YCC cap

  • 10-yr JGB yields already being driven above 10bp cap, forcing BOJ QE

  • US still in throes of inflation and Fed has more hiking to do

  • Until U.S. inflation retreats, USD/JPY looks headed up nL1N2Y11K4

    For more click on FXBUZ


Chart Click here

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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