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Thomson Reuters
Oct 04 - 07:24 AM
USD/JPY - Boosted By Biggest Bond Spread Widening Of Trump Era
First appeared on eFXplus on Oct 04 - 05:00 AM
  • USD/JPY, Wednesday, saw biggest one-day gain since July
  • Boosted by 10y JGB-UST spread biggest widening since Jan. 18, 2017 (Wed)
  • Wed saw 10y JGB-UST spread open at 291.90 and widened to 300.00 at the close
  • 10-y JGB-UST spread now wider still at 306.30 according to Refinitiv data
  • BOJ's Kuroda expected USD/JPY gains last week, he had a point
  • N.B. U.S. President Trump assumed office Jan. 20, 2017 (elected Nov. 8 2016)

JGB-UST vs USD/JPY Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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