USD/JPY flows: Challenging another figure

Lacking strength in verbal intervention, USD/JPY is once again challenging the 154 figure. Japanese PM Ishiba announced a USD 65 billion plan to boost the local chip and AI industry, also saying that he will be speaking with business and unions on sustainable wage hikes.

With U.S. Treaury yields taking a step back, USD/JPY is 0.07% higher at 153.81 on stronger JGB yields.