USD/JPY hits 106 … Suga, Aso tag team did the trick


USD/JPY has continued to be on a rip, hitting 106 a few minutes ago.

It was a curious pair of comments on Monday that have helped fuel this latest surge:

As noted in that post, it appeared Prime Minister Suga may have revised his pain point for USD/JPY from 100 (he said in December 2020 he didn’t want ujsyen under 100) to a higher level. 

And, 

Again, as noted in the post, the BOJ was said to be considering allowing bond yields to rise, Aso seeking to pour cold water in that idea.

USD/JPY has continued to be on a rip, hitting 106 a few minutes ago.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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