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Published: 2024-07-02T03:59:51.000Z

USD/JPY flows: Another high

byCephas Kin Long Yung

FX Analyst
1

Japan finance minister Suzuki and his usual jawboning

USD/JPY continues to stay above 161 and is quickly approaching Monday's high at 161.72. Suzuki came in with his usual jawboning and does not seem to be doing much on stalling JPY's weakness. While it sounds like an escalation in rhetoric, USD/JPY remains at the mercy of USD. 

Despite U.S. Treasury Yields are outpaced by JGB yields, USD/JPY is trading 0.16% higher at 161.67.

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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