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May 14 - 07:55 PM

USD/JPY - Boosted By Higher US Yields, Hawkish Fed Talk

By Krishna K  —  May 14 - 05:15 PM
  • USD/JPY well bid in Asia after closing +0.9% Fri on broadly stronger dollar

  • Boosted by higher U.S. yields; 2-yr +10bps, 10-yr +7bps on hawkish Fed talk

  • Rising U.S. inflation expectations cause rethink on Fed rate expectations

  • Fed policy on right track, but inflation still too high, officials say

  • Risk aversion, U.S. debt ceiling showdown likely to cap rallies

  • Japan's Kishida to order assessment on wage outlook by govt, BOJ- Nikkei

  • G7 central banks see need to weigh effects of past rate hikes- BOJ's Ueda

  • Fri range 134.41-135.76; resistance 136.00-10, support 135,20-25, 134.75-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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