By Martin Miller — Apr 26 - 05:20 AM
USD/JPY dropped from 156.82 to 154.97, on EBS, before a quick rebound
No MOF comment after yen's sharp but brief jump versus dollar nL2N3GZ0KX
Sudden drop in Ldn highlights market nerves about intervention nL2N3GZ0LM
Weekly chart show spot remains on track to soar to test 160 nL2N3GZ0JA
Huge rate differential between Fed and BOJ keeps USD/JPY bias on the upside
Japan frets over relentless yen fall, BOJ keeps ultra-low rates nL2N3GY49Z
USD/JPY and EUR/JPY pairs maintain a strong 60-day positive correlation
Source:
Refinitiv IFR Research/Market Commentary