Published: 2024-06-27T03:48:39.000Z
USD/JPY flows: Longs taking profit
FX Analyst
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Japan's Suzuki saying watching FX moves with a high sense of urgency
Japan Chief Cabinet Secretary Hayashi says won't comment on FX levels
After a sustained break of 160, longs seems to be taking profit before BoJ intervenes. We heard from both Suzuki and Hayashi an escalated rhetoric of verbal intervention but there isn't anything new. U.S. Treasury Yields are little changed while 10yr JGB yields continue to march northwards.
USD/JPY is trading 0.22% lower at 160.42.