Published: 2024-01-25T05:49:40.000Z
USD/JPY flows: Kanada JawBone Intervenes
FX Analyst
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Japan's Kanda says important for forex rates to move stably reflecting fundamentals
We had some jawbone intervention from Kanda but it seems to be only regarding the latest volatility. But it seems to have little impact towards USD/JPY as there was already a correction on Wednesday where the air retreated from 148.38 to almost 2 figures lower. 10yr JGB yields continued its strength while U.S. Treasury Yields skids.
USD/JPY is recovering some of the Wednesday lost ground to trade 0.2% higher at 147.78