Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Feb 02 - 05:55 PM

USD/JPY - Drops With Treasury-JGB Yield Spreads In Fed, BoE And ECB's Wakes

By Randolph Donney  —  Feb 02 - 02:15 PM

  • USD/JPY fell to 128.08 with Tsy-JGB yields spreads down after Fed meeting

  • Also some spill-over weakness from plunging bund, gilts yields post-BoE, ECB

  • US data mostly better than f/c stemmed USD/JPY's slide nL1N34I1O3

  • Yen broadly stronger because JGB yields were up slightly vs drops elsewhere

  • BoJ's JGB yield cap is expected to eventually be raised, underpins yields

  • Prices being drawn toward Jan's 127.215 trend lows on EBS by Fed hike doubts

  • By those lows are 50% of the 2020-22 advance and May's key low at 126.56/37

  • Fri's NFP and ISM services are the last key report until CPI on Feb. 14

  • The primary down TL will be at 130.53 on Fri, should US data greatly impress

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


  • eFXplus
  • End-user license agreement (EULA)


  • About
  • Contact Us


  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved