By Haruya Ida — Jan 15 - 12:51 AM
• Comments from BOJ Gov Ueda look to struck a chord with weak USD/JPY longs
• USD/JPY swoons to 157.20 EBS, high earlier today 158.08
• Ueda non-committal on hike next week, as with DepGov Himino yesterday
• That said, chance of a hike not completely ruled out though March better bet
• Market also antsy ahead of US CPI tonight, weaker than eyed like PPI?
• PPI data yesterday not really that weak, just a tad under expectations
• USD/JPY support, bids good towards 157.00, series of recent lows in area
• More demand on 156-handle, low Jan 6 156.25, then 156.97/157.02 Dec 20-31
• Higher JGB yields yen supportive, 2s @0.702%, 10s @1.252%
• On the BOJ , ,
USD/JPY hourly:
(Haruya Ida is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters