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Sep 20 - 08:55 PM

USD/JPY - Rallies As US Yields Surge To Multi-Year Highs

By Krishna K  —  Sep 20 - 06:40 PM
  • USD/JPY trades with a firm tone in Asia after rallying 0.5% on Tuesday

  • Boosted by surging US yields on expectations of an aggressive Fed rate hike

  • US 2-yr yield at almost 15-year high; 10-yr yield at highest in 11 years

  • Divergent BOJ-Fed monetary policies will continue to weigh on JPY

  • BOJ seen sticking to ultra-low rates, defy global rate hike rushnL4N30R0R0

  • Resistance 144.00-144.10, 144.40-50, support 143.50-55, 143.10-20

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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