Published: 2024-06-13T04:18:40.000Z
USD/JPY flows: USD driving while BoJ meets
FX Analyst
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USD rebound strongly while market participants awaits Friday's BoJ decision
After the back and forth action in the overnight New York session, USD continue to rebound and is driving the USD/JPY as market participants awaits Friday's BoJ decision. The market consensus would be no change in rate but a cut in JGB purchase where our central forecast includes a 10bps hike to keep the latest wage-inflation dynamics in check. U.S. Treasury Yields are higher across the curve while JGB yields slips.
USD/JPY is trading 0.2% higher at 157.03.