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Sep 24 - 07:55 AM

USD/JPY - Retests Key Hurdle As US Yields Underpin

By Justin Mcqueen  —  Sep 24 - 05:35 AM
  • USD/JPY extends recovery with help from the drift higher in U.S. yields

  • However, resistance at 144.50 remains a stumbling block

  • Firm break would put 145 in focus for bulls

  • BoJ's Ueda appears to raise the bar to an Oct hike

  • Notes service prices for Oct will be key (released after Oct decision)

  • Upcoming LDP election will be the near-term risk for yen

  • EXPLAINER-How would Japan's ruling party race affect BOJ rate hike timing?

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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