Published: 2024-12-04T03:22:59.000Z
USD/JPY flows: Another failed test of 150

FX Analyst
1
Japan November Composite PMI 50.1
The USD/JPY has another test against the 150 figure but failed. While both the U.S. Treasury and JGB yields are retreating, market participants seems to be reluctant to place further long bets in the pair, given the potential hike in December from the BoJ.
USD/JPY is trading 0.05% higher at 149.65.