Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-04-05T04:14:44.000Z

USD/JPY flows: Brief dip below 151

byCephas Kin Long Yung

FX Analyst
1

Early dip below 151 reversed despite more verbal intervention

USD/JPY followed the overnight weakness led by concern of geopolitical tension escalation between Iran and Israel. It briefly dipped below 151 figure to 150.81 in the Hong Kong opening hours but was reversed as session progress. Despite cabinet officials and Ueda's verbal intervention attempt, market participants seem to be focused on Ueda's remark on "Impact of past rises in import costs on Japanese inflation likely to dissipate", suggesting potentially lower inflation.

U.S. Treasury and JGB yields are rangebound for the session and see USD/JPY slip 0.06% to 151.23.

Continue to read the article for free
Login

or

or

Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image