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USD/JPY Continues To Recover From Suspected Intervention Lows

JPY

USD/JPY has mostly tracked higher in the first part of Thursday Asia Pac trade. The pair last near 155.60, around 0.7% weaker in yen terms. Session highs rest at 155.75. Lows were back at 154.25. Note we got close to 153.00 late in NY trade/early Asia Pac cross over, on suspected intervention.

  • Headlines have crossed from FX official Kanda, who reiterated comments made on Monday (when the first round of suspected intervention took). Kanda stated: "NOTHING TO SAY ON WHETHER JAPAN INTERVENED - BBG"
  • Note post FOMC highs in USD/JPY came in near 157.60.
  • Coming up soon we have the BoJ minutes from the March meeting.
  • Also note Japan markets are closed tomorrow and Monday.
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USD/JPY has mostly tracked higher in the first part of Thursday Asia Pac trade. The pair last near 155.60, around 0.7% weaker in yen terms. Session highs rest at 155.75. Lows were back at 154.25. Note we got close to 153.00 late in NY trade/early Asia Pac cross over, on suspected intervention.

  • Headlines have crossed from FX official Kanda, who reiterated comments made on Monday (when the first round of suspected intervention took). Kanda stated: "NOTHING TO SAY ON WHETHER JAPAN INTERVENED - BBG"
  • Note post FOMC highs in USD/JPY came in near 157.60.
  • Coming up soon we have the BoJ minutes from the March meeting.
  • Also note Japan markets are closed tomorrow and Monday.