JPY

USDJPY Technical Analysis – Dip-buyers are back in force.

• The strong support zone around the 152.00 handle held and the buyers continue to pile in targeting the key 160.00 level.

USD/JPY (or should we call it USD/Yellen?) is still racing higher

• Yellen speaks, yen slumps

HSBC on the yen, "weaker for longer" may be needed

• Says the slump in the JPY is key in helping Japan's economy recover

Reminder - it's a national holiday in Japan on Monday, 6 May 2024. Markets are closed.

• Liquidity wil the thinner than normal today.

Weekend - "Yellen counsels caution on currency intervention after surge in yen"

• Yellen didn't sound unsupportive of Japan's 'rumoured' intervention, but she didn't sound real keen either

Newsquawk Week Ahead: Highlights include RBA, BoE, BoJ SOO, Canada Jobs, UK GDP

• Next week highlights include rate decisions from the RBA, BoE, Banxico, BCB, and Riksbank. We also see the release of the ECB Minutes and BoJ Summary of Opinions. Data wise, the Canada jobs report, China Trade, UK GDP and Norwegian CPI take the limelight.

Credit Agricole: Japan has succeeded in generating asymmetric risks around USD/JPY

• Credit Agricole on the state of USD/JPY

Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt households

• Comments from the Finance Minister

Japan looks to wear out the resolve of USD/JPY dip buyers before the weekend

• USD/JPY down to 153.00 as the we enter the final stretch of the week

Japan's finance minister Suzuki and Bank of Japan Governor Ueda press conference on Friday

• Coming up during Europe/US time

USD/JPY under and over 153.00

• Straddling the figure

Reminder - Japanese and Chinese markets are closed for a holiday today

ICYMI - BOJ data suggests significant additional yen-buying intervention this week

• Justin pinpointed how much Japan's Ministry of Finance / Bank of Japan spent on intervention

Here's a forecast for USD/JPY to 165 ICYMI

• 160 will take some time to crack though

USD/JPY hits the intervention low as a wild day for the pair wraps up

• USD/JPY touches 153.07