135 eyed for USD/JPY | Forexlive

Westpac see larger for USD/JPY, highlighting financial coverage divergence. WPAC warn of verbal intervention for Japan’s Ministry of Finance although:

  • With the Fed set to execute a collection of 50bp strikes, and start an aggressive QT program subsequent week, it’s arduous to think about that we’ve got seen the highs for USD/JPY, and sustained commerce above 130 seems only a matter of time.
  • We must argue {that a} transfer to 135 is just not exterior the realms of chance, although after all would count on to see topside limitations being defended and MoF commentary as components which will sluggish the tempo.

Earlier submit:

Goldman Sachs says the yen is going to fall further, with or without BOJ intervention

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