I warned earlier that it was a dangerous game being long USD/JPY in the 13th straight day of gains.Here we are. USD/JPY touched 148.98, which is nearly 300 pips off the earlier high....
This market is insane. The latest move in USD/JPY has more hallmarks of intervention than the earlier one.At the same time, I could see longs rushing out after 13 straight days of gains.This...
Today's Japanese CPI report certainly didn't force the Bank of Japan's hand. With prices up 3.0% y/y (in line with estimates), there's no urgency to change tactics. In addition, the BOJ upped its...
Japanese Yen (USD/JPY) News and AnalysisJapanese inflation reaches 3% as finance minister warns yen speculatorsUS yields propel the dollar higher, elevating the possibility of FX interventionRisk events ahead: BoJ meeting + quarterly report,...
The pair is now moving up to 150.70 as the dollar is pressing higher amid a softer mood in equities while bond yields are continuing to stay underpinned on the day. That is...
