USD/JPY: Upside scope is diminishing – MUFG USDJPY Banks BOJ NFP
“Next Friday is not without risks of a surprise although we err on the side of bold changes to YCC being left to Ueda. The Diet is likely to confirm the nominees next Friday as well and of course, we have the“Assuming no surprise, USD/JPY will continue to take its lead from US yields and hence the jobs data will be key.
“In those circumstances, we see limited scope to the upside for USD/JPY, especially given the upside for US yields should also become more limited from here after the surge in yields in February.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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