Published: 2024-02-20T04:57:50.000Z
USD/JPY flows: Another day, another 150
FX Analyst
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U.S. Treasury Yields performing individually while 10yr JGB yields slip
It is another day USD/JPY stays above 150 on broad USD strength and we have the usual Suzuki's jawbone intervention. U.S. Treasury Yields are performing individually while 10yr JGB yields slip. From now till March's spring wage negotiation, there seems to be limited data that would significantly sway the position of JPY, unless there are "leaks" from BoJ. Thus, USD/JPY seems to be driven by USD flows.
USD/JPY is trading 0.14% higher at 150.32 and still looks to be consolidating within 149.24 and 150.89 from last Tuesday's gain.