Published: 2025-01-08T04:06:02.000Z
USD/JPY flows: Challenging high
FX Analyst
1
USD/JPY could not be kept down
After the initial suppression from Tuesday's verbal intervention form Japan PM, USD/JPY is regaining traction as we hear little fundamental shift to the equation. However, we are beginning to see 10yr JGB reaching decade high. If momentum continues, the strength in USD/JPY shall be short-lived.
USD/JPY is trading 0.09% higher at 158.18.