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

Author: Eamonn Sheridan | Category: News

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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