By Randolph Donney — Apr 25 - 01:55 PM
USD/JPY's new 34-yr high at 155.75 Thur was aided by Tsy-JGB yld spreads
Weak but inflationary U.S. Q1 GDP and core PCE crushed Fed cut pricing
That amid doubts about Japan's plans to support the falling yen
Friday's BoJ meeting eyed for QE exit plans, but no rate hike is expected
Slowing the 155 breakout was the broader dollar softening on Thursday
Prices have come closer to the upper 30-day Bolli by 156
That Bolli was by key highs earlier this month and in prior two months
Friday data features are Tokyo April CPI and U.S. core PCE
That as nearby MoF yen intervention looks less likely or acceptable to US
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary