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Mar 17 - 11:00 PM

USD/JPY - JPY CCS Suggest USD Funding Tensions May Be Easing

By Andrew M Spencer  —  Mar 17 - 09:40 PM
  • USD/JPY off 0.5%, 10yr UST yields down 6bps to 1.026% & E-Mini S&P -3%

  • Risk off, as virus expands, measures to fight impact intensify nL1N2BA2Y2

  • Japan's Abe to form a panel to discuss a major stimulus package nL4N2BA54D

  • JPY CCS suggest central bank actions helping ease USD shortage nL1N2BA12R

  • 1-year now -51.6, still at stress levels (below -50), but off week's -85 low

  • 3-month up 29pts to -56.125 after touching -144.375 Monday

  • Price action suggests USD funding tensions may be easing

JPY CCS Click here

Source:
Refinitiv IFR Research/Market Commentary

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