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USD/JPY above 135.50

Eamonn Sheridan
14/06/2022 | 22:03 GMT

New highs for USD/JPY (for this run up).

Yesterday, for the umpteenth time, the BOJ indicated no change to loose policy:

  • Bank of Japan in buying JGBs, yields are higher

Meanwhile, Fed frenzy continues:

  • Why the market now sees an 87% chance of the Federal Reserve hiking 75 basis points

The upswing in USD/JPY has been going on for months. Policy divergence between the Fed and BOJ is a key driver.

usdyen update 15 June 2022

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