USDJPYUS Dollar / Japanese Yen
158.84
-0.11%
SUPPORT:158.2157.5
RESISTANCE:159.5160
Past
What happened
USD/JPY drifted to 158.84 (-18 pips) as the dollar weakened broadly, but JPY underperformed every other major — yen still can't catch a bid even with US yields high.
Why
Why it matters
The dollar-down-everywhere trade hasn't pulled the yen along because US10Y at 4.56% keeps the carry advantage massive. MoF intervention noise is the only thing holding 160.
Watch
What to watch
BoJ summary of opinions Wednesday is the next BoJ-hike clue. Below 158.20 forces a real risk-off conversation; above 159.50 puts intervention chatter front and centre.
HEADLINES
- Why a Plunging Dollar Is Missing Out on the Relief RallyBarrons.com
- How Markets Reacted to Trump's Iran Post, in ChartsThe Wall Street Journal
- The Dollar Isn’t Done. Why It’s Outshining Rivals Amid Iran Crisis.Barrons.com