Since our last publication, the price actions of USD/JPY have continued to hold above its 20-day moving average acting as a support at 155.90 at this juncture despite a rise in both the 10-year and 30-year Japanese Government Bonds (JGB) yields since the start of this week to 1% (its highest level in almost 12 years) and 2.17% respectively (see Fig 1).
USD/JPY: JPY weakness is back in vogue at least for the short-term
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