Published: 2024-01-16T06:14:38.000Z
USD/JPY flows: USD outbids JPY in haven rush
FX Analyst
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U.S. Treasury Yields are higher across the curve, so as JGB yields
But the USD is outbidding JPY in haven rush
Japan business federation chief says to strongly ask firms to push forward with wage hikes
U.S. Treasury Yields are higher across the curve so as JGB yields for it looks like a sell everything market in sight of heightened geopolitical tension. USd is outbidding the JPY when market participants are searching for haven. We are also hearing from the Japan business federation chief that he strongly ask firms to push forward with wage hikes and PPI beats estimate to rise 0.3% m/m.
USD/JPY is quickly approaching last week high to trade 0.35% higher at 146.19.