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4/2/2021 4:36:53 PM GMT
USD/JPY gains 1% on the week, 3.9% on the month, 7.2% on the year.
Excellent US March payrolls help to stabilize USD/JPY near highs.
Limited Good Friday liquidity inhibits currency market payroll response.
Treasury rates mark time,10-year yield moves back above 1.7%.
FXStreet Forecast Poll is neutral short-term, bearish medium and long-term.
The US yield engine continued to power the USD/JPY as the differential between Treasuries and Japanese Government Bonds almost guarantees flows into the American currency
An excellent March US payroll report helped keep the USD/JPY stable at its 12-month high on Friday after a week of gains.