USD/JPY: Persistent JPY bearish trend intact despite growing intervention risk Tokyo’s core-core inflation for April came in at 1.8% y/y, its slowest pace of increase since September 2022 & below BoJ’s inflation target of 2%. The latest set of softer-than-expected Tokyo’s CPI may push back the timing of the next BoJ’s interest rate hike. Widening of US Treasuries-JGBs yield spread premium is likely to support […]
https://www.marketpulse.com/fo....rex/usd-jpy-persiste