Bears regaining control – OCBC
USD/JPY fell, tracking the gap lower in UST yields. Focus next on BoJ MPC (Fri). We are looking for 25bp hike on Friday. USDJPY last seen at 155.46 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum is bearish “Economic data has been supportive. Jobless rate easing, trade unions calling for another … Read more