- Pick up in growth has paused or pace moderated on overseas slowdown
- BOJ cuts assessment for biggest number of regions since January 2009
- BOJ cuts assessment on consumption for all 9 regions of Japan, first time since January 2009
Guess y’all gonna need some more monetary easing then?
USD/JPY up at 79.58 from a North American close Friday down around 79.30, barrier option interest at 79.50 now history. Obviously the 80.00 level now looms large as a hurdle for the USD/JPY bulls.
One should also make note of what’s occurring with US treasury yields. The benchmark 10 year yield is presently up at 1.7905% from the 1.7660% I jotted down around the North American close Friday.
