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Apr 28 - 08:55 PM

USD/JPY - Recovers From Early Fall As Relentless Rise Continues

By Krishna K  —  Apr 28 - 06:35 PM
  • USD/JPY recovers from minor dip in Asia after a 1.8% surge on Friday

  • Opens at 158.00 from 158.33 New York close; Asia range 158.43-157.80

  • Traders wary of BOJ intervention as rise "too far, too quick"

  • Sticky U.S. inflation, yawning U.S.-Japan yield differentials underpin

  • Benign Japanese inflation data, BOJ's dovish hold Friday undermine JPY

  • Japan frets over relentless yen slide as BOJ keeps ultra-low rates

  • Fri range 154.97-158.44; traders now eye 160.00 with support at 155.00

  • FOMC meeting, US payrolls to set directionthis week

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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