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Published: 2024-06-26T04:40:54.000Z

USD/JPY flows: Grinding towards 160

byCephas Kin Long Yung

FX Analyst
-

Another test of 160 looks inevitable

With little on the news front, USD/JPY is again grinding towards 160. We had not hear much from Japanese officials on Wednesday, maybe they are aware of the ineffectiveness or maybe they are letting the silence speak. It is worth mentioning that the last intervention at sub 160 level was not previewed by verbal intervention yet that day being a Japanese holiday could be a cause. U.S. Treasury Yields are performing individually while 10yr JGB rose above 1%. 

USD/JPY is trading 0.08% higher at 159.8 with session high at 159.9.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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