Published: 2024-10-25T05:08:39.000Z
USD/JPY flows: More jawboning
FX Analyst
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Japan September Service PMI 2.6%
We are hearing more verbal intervention and an escalator rhetoric from Mimiura, the vice finance minister of ministry, citing one sided and speculative moves. The September Service PMI remains high at 2.6% y/y.
USD/JPY is 0.12% lower at 151.64 as the U.S. Treasury yields fall while JGB yields higher.