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Apr 26 - 06:55 AM

USD/JPY - Jittery USD/JPY's Bias Squarely On The Upside After Brief Slump

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

Refinitiv IFR Research/Market Commentary


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