Published: 2024-05-07T03:57:20.000Z
USD/JPY flows: Grinding higher
FX Analyst
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Japan chief cabinet secretary Hayashi has no comment on currency intervention
Japan's Kanda says no comment on Yellen's comments on FX
USD/JPY continue its grind higher after market sentiment being affected by the lack of co-ordination in intervention between the U.S. and Japan. Both Hayashi and Kanda said they have no comment towards intervention. JGB yields reopened lower after Monday's Japan holiday. U.S. Treasury yields are also a tad lower for the session.
USD/JPY is up 0.44% at 154.54.