JPY

USDJPY Technical Analysis – Focus on the US CPI report

• The USDJPY pair is consolidating around the lows as the market awaits the US CPI report due tomorrow What’s next?

USD/JPY up on the day but buyers face a stern technical test

• The pair is up 0.5% to above 152.00 on the day

Japanese 10-year yields rise to a fresh high since 2011

• Yields up to 1.315%

Japan December current account ¥1077 billion vs ¥1362 billion expected

• Japan December current account data

USD/JPY holds the bounce from earlier but the coast isn't clear yet

• The pair is now up 0.4% to near 152.00 on the day

USDJPY Technical Analysis – Eyes on the US NFP report

• The USDJPY pair sold off strongly following the hot Japanese wage data and a notable drop in Treasury yields. What’s next?

Japanese Prime Minister Ishiba will meet with Trump - press conference Friday

• There will be some discussion of economic issues

Nissan Seeks New Partnerships After Honda Merger Talks Fail

• Nissan now chasing collaborations with technology firms

USD/JPY could plunge under 150 if the BOJ sends any hawkish messages

• SMBC Nikko Securities view

IMF's Gopinath says support Bank of Japan moving gradually

• Says services inflation remains under 2%

IMF estimates Japan's neutral interest rate to be in the range of 1-2%.

• Bank of Japan advice from the International Monetary Fund (IMF)

Japan government official says December household spending best since Auguist 2022

• Both the y/y and m/m were huge beats

Japan finance minister Kato says Seven & I buyout will be handled appropriately

Japan data: December Household Spending YoY +2.7% (vs. expected: 0.2%, previous: -0.4%)

• More encouragement for the Bank of Japan on its rate hiking path ahead

Credit Agricole: Friday's NFP could send USD/JPY to 150

• USD/JPY is down 72 pips to 151.88 today