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The Yen continues to plummet

CROSS ASSET
EquitiesStoryMarketsFixed Income BulletsForeign Exchange Bullets
  • The Yen continues to plummet in early trade, Yesterday saw close to a 100 pips spike on the FOMC in USDJPY as the US 10 Year Yield rose through 4.50%, following their hawkish tilt as Powell signalled that inflation concerns were back at the forefront.
  • The BoJ's UEDA reiterates that that they will be Data dependent and that the Picture on Wages and Trump Policies will take time to ascertain.
  • USDJPY is back above 156.00, but next resistance is seen further out, up to 156.75, the November high.
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  • The Yen continues to plummet in early trade, Yesterday saw close to a 100 pips spike on the FOMC in USDJPY as the US 10 Year Yield rose through 4.50%, following their hawkish tilt as Powell signalled that inflation concerns were back at the forefront.
  • The BoJ's UEDA reiterates that that they will be Data dependent and that the Picture on Wages and Trump Policies will take time to ascertain.
  • USDJPY is back above 156.00, but next resistance is seen further out, up to 156.75, the November high.