Published: 2024-04-12T04:30:29.000Z
USD/JPY flows: The Usual Jawboning

FX Analyst
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Japan finance minister Suzuki won't rule out any steps to respond to disorderly FX moves
USD/JPY continues to hover above 153 figure, thanks to persistent USD strength and the weakness in Suzuki's rhetoric. On Friday's Asia session, Suzuki did another round of jawboning, "won't rule out any steps to respond to disorderly FX moves" and suggest there is a chance such intervention would be discussed in G20 meeting next week.
Both the U.S. Treasury and JGB yields fell and see USD/JPY slip 0.04% lower at 153.2.