If you were hoping for the perfect entry point around 83.60 to get on board the USD/JPY train, well, it’s already bounced. We’re now back to the 84.03 level after buyers surfaced just below 83.90. US yields continue to fall today so the USD/JPY rebound shows the rally has some legs beyond the interest rate advantage over the JPY offered by the greenback.
Earlier today, Japan’s storied Mr. Yen said he sees the JPY weaken further in the months ahead.
