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Jun 05 - 08:55 PM

USD/JPY - 2-Decade High Beckons; Fed Seen Aggressive On Rate Hikes

By Krishna K  —  Jun 05 - 07:10 PM
  • USD/JPY well supported in Asia after 0.8% rally Fri on upbeat US jobs report

  • Boosted by elevated U.S. yields rising to 2-week highs; 10-yr yield nears 3%

  • Jobs data supports case for continued Fed tighteningnL1N2XP2AOnL1N2XQ16R

  • Diverging Fed-BOJ rate expectations to result in test of 131.35 May high

  • Elevated oil prices, rising geopolitical tensions underpin USD nL1N2XS00B

  • Supports 130.40-50, 130.00-10; related nL1N2XQ079

  • For more click on FXBUZ


nonfarm payrolls: Click here

Source:
Refinitiv IFR Research/Market Commentary

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