USDJPYUS Dollar / Japanese Yen
159.21
+0.16%
SUPPORT:158.66158.12
RESISTANCE:159.75160.29
Past
What happened
Up 0.16% to 159.20 — the dollar lost ground broadly but Yen lagged again as US10Y at 4.49% still pays a 380bp carry over JGBs.
Why
Why it matters
A WSJ piece flagged JPY as "grossly undervalued" but with no BoJ catalyst, the carry trade pins the pair until either yields collapse or MoF actually intervenes.
Watch
What to watch
160.00 is the line where MoF historically jaw-bones; a 10bp drop in US10Y is the cleaner short signal than verbal intervention.
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