Credit Agricole forecasts USD/JPY in 155-160 range on intervention and yields
USD/JPY trades in a 155-160 range as intervention concerns cap upside and Treasury yields provide support, per Credit Agricole.
USD/JPY trades in a 155-160 range as intervention concerns cap upside and Treasury yields provide support, per Credit Agricole.
Japan's top currency diplomat Mimura reaffirmed a strong currency alliance with the US, keeping intervention on the table as the yen strengthens.
The dollar pulls back against most majors on profit-taking and lower oil prices, but technical bias still favors the greenback. Key levels identified for five…
USD/JPY slipped to 157.00 as officials from the US and Japan voiced concerns over yen weakness, with coordinated remarks and potential intervention in focus.
AUDUSD dipped under the 200-day MA for the first time in 11 months, reaching 0.7005, before rebounding above the average on dollar weakness.
The yen strengthened sharply, pushing USDJPY below 158.00, while oil prices fell 2.4% on Iran deal hopes. Stock futures rose and Treasury yields were mixed.
The yen strengthened 0.6% to 157.95 after Katayama's warning, with traders seeing intervention risk as a ceiling on further weakness.
USD/JPY retreats towards 158.00 as Japan warns of yen weakness after Trump comments, testing the bullish breakout from yesterday.
Iran offers to reopen Strait of Hormuz within seven days if US meets terms including lifting blockade and ending Israel's Lebanon war. Oil edges lower.
Japan's finance minister says Trump raised yen weakness in summit; USD/JPY dips below 158.50.
Goldman Sachs cut its USD/JPY forecasts to 150 in 12 months, citing faster BOJ tightening and yen repatriation.
The dollar rises and bond yields pressure stocks as traders await Trump-Xi talks. Yields near multi-year highs.
USD/JPY rose to a three-week high near 158.30, driven by a surge in Treasury yields above 5% after strong US data and a weak bond auction.
Key FX option expiries for 24 September include EUR/USD at 1.1400, USD/JPY at 157.50, and USD/CAD at 1.4100.
Chinese President Xi Jinping arrived in the US for a summit with Trump. The trade truce has been extended to January 10.