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May 02 - 08:55 PM

USD/JPY - Stays Bid As UST Yields Hover Near 3-Year Highs

By Krishna K  —  May 02 - 07:20 PM
  • USD/JPY consolidates after trading a well supported 129.62-130.48 range Mon

  • Boosted by rising U.S. yields; 10-year yield tops 3% for 1st time since 2018

  • Traders expect Fed to raise rates 50bps & reveal its balance sheet plan Wed

  • Fed-BOJ monetary policy divergence will continue undermining JPYnL2N2WR1WL

  • Japan markets closed May 3-5; lack of liquidity may exacerbate price swings

  • Support 129.75-80, 129.30-40, resistance 130.45-50, 130.80-85

  • For more click on FXBUZ


Real US yields on the rise: Click here

Source:
Refinitiv IFR Research/Market Commentary

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