USD/JPY jumps to fresh monthly peak, seems poised to prolong the appreciating move – by hareshmenghani USDJPY Fed Bonds BOJ Currencies
on Friday. The upward trajectory prolongs through the early part of the European session and pushes spot prices to over a three-week high, around the 136.75 region.
In fact, the yield on the benchmark 10-year US government bond shot back closer to the 3.0% threshold. In contrast, Japanese government bond yields remain static amid expectations that the Bank of Japan would retain its ultra-easystance despite rising inflation. Data released this Friday showed that core CPI in Japan rose 2.4% YoY in July, or the highest level since December 2014, and remains above the BoJ's 2% target for the fourth straight month.
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