The USD/JPY pair attracts some dip-buying on the last day of the week and steadily climbs back closer to the 150.00 psychological mark, or a near thre
USD/JPY regains positive traction on Friday and climbs back closer to a multi-week top. The divergent BoJ-Fed policy outlook turns out to be a key factor acting as a tailwind. The risk-off mood could benefit the safe-haven JPY and cap gains amid intervention fears. e-week high touched on Thursday.
This leads to a modest decline in the US Treasury bond yields and holds back the USD bulls from placing aggressive bets. Traders, meanwhile, remain worried about a potential intervention by Japan to combat a sustained depreciation in the JPY. Apart from this, the risk-off mood should limit losses for the safe-haven JPY and cap the USD/JPY pair.
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