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Oct 06 - 07:55 PM

USD/JPY - Rises On Fed Talk, Higher US Yields But Wary Of MOF

By Krishna K  —  Oct 06 - 05:45 PM
  • USD/JPY bid in Asia after rallying 0.3% Thu as Fed pounds rate hike drum

  • Fed officials reiterate broad consensus for continued rate hikesnL1N31723T

  • Boosted by rising US yields; 10-yr rises 7bps, 2-yr up 10bps nL1N3172Q5

  • Traders eye US jobs data Fri that is likely to reinforce hawkish Fed stance

  • Threat of Japan FX action may slow rally as USD approaches 145.40-145.90

  • Fed-BOJ policy divergence limits downside; supports 144.70-80, 144.40-50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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