USDJPY is approaching 161 after surpassing earlier intervention highs close to 161.20. Probably, a good quantity of stops have been triggered once we broke to new highs which helped the pair go larger.
Strolling on new floor, because of this intervention management is in overdrive within the markets.
USDJPY is buying and selling at just under 161
It’s straightforward responsible US yields transferring for the positive factors, however to be honest, USD/JPY has seen some latest divergence from US yields because the center of the month.
It is onerous to belief a variety of this week’s strikes provided that we have now end-of-month, end-of-quarter and half-year flows to take care of.
Nevertheless, all eyes are on Japanese officers and the US greenback versus the Japanese yen as we speak.
USD/JPY and US10Y
