Published: 2024-04-09T04:10:49.000Z
USD/JPY flows: Baning on 152's door

FX Analyst
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USD/JPY knocking on 152
Japan finance minister Suzuki says excess FX volatility is undesirable
USD/JPY knocked on the next figure in early Asia as the USD is trading broadly stronger. Japan finance minister Suzuki says excess FX volatility is undesirable but does not say to be rushing towards an actual intervention, nor showing the market his urgency in curbing the JPY's weakness.
U.S. Treasury Yields are softer across the curve while JGB yields rose and see USD/JPY retracing earlier gains to trade 0.06% higher at 151.87.