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USD/JPY Through Wednesday Highs

JPY

USD/JPY has pushed towards 150.50 in recent dealings. This is above late NY highs from Wednesday trade (just above 150.30). It comes after earlier comments from Japan officials that they were continuing to watch currency markets with a high sense of urgency, although FinMin Suzuki stated that the authority's stance around FX hasn't changed.

  • Yen is still outperforming higher beta plays like AUD and NZD, but weakness in yen is now more on par with EUR and CHF dips seen so far in this session.
  • Cross asset trends remain the same, with the US Tsy curve slightly steeper, while equity sentiment remains firmly on the backfoot.

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