Have an uncle with a debt addiction? I do, and people are willing to lend him billions at a mere 0.58% for two years.
That little nuggets is helping undermine USD/JPY as Japanese investors find it hard to justify the FX risk for just a 35-odd basis point pick-up in yields…
Heavy stops lie in the 86.80 area if USD/JPY extends its slide below 86.95/87.00 support. We trade now at 87.39.
