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HomeFinance NewsUSD/JPY remains poised to reach 150 level, limited to 13 words.

USD/JPY remains poised to reach 150 level, limited to 13 words.

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The USD/JPY currency pair is experiencing upward momentum due to two main factors: the disappointment with the Bank of Japan’s (BOJ) actions and the higher Treasury yields. This push has led to the price testing above 149.00 for the first time since October of the previous year. It is now nearing the 150.00 mark, and it remains to be seen if Japanese authorities will intervene to weaken the yen at this level, as they have done in the past.

One of the key drivers behind the USD/JPY rally is the rise in Treasury yields. The 10-year Treasury yields have reached their highest level in 16 years at 4.55%, and this breakout from last week’s levels continues to gain momentum. Unless there is a significant shift in market sentiment, it is difficult to determine when this upward trend will stop.

In terms of upcoming events, aside from month-end flows, there is not much economic data that could disrupt the current market conditions. This lack of significant news may further benefit the US dollar, allowing it to continue gaining strength against the Japanese yen in the coming trading sessions.

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