Published: 2024-05-14T04:58:32.000Z
USD/JPY flows: Slow and Steady
FX Analyst
-
Japan Suzuki says it is important for currencies to move in stable manner, reflecting fundamentals
Japan April PPI +0.9% y/y
USD/JPY continue its grind higher to middle 156, slow and steady this time. We have the daily verbal intervention from Suzuki but now it seems USD/JPY is moving in a "stable manner" already and does not have any impact in curbing the grind of USD/JPY. 10yr JGB yields are marching towards 1% while U.S. Treasury Yields slips.
USD/JPY is trading 0.12% higher at 156.38