USD/JPY: Upward Momentum Has Largely Faded – UOB Group
Most JGBs Edge Higher, Tracking U.S. Treasurys -- Market Talk
Why is the yen so strong at the beginning of the year? In addition to interest rate hikes, there are also expectations of a 'Plaza Accord 2.0'.
UBS Group believes that the rise in Japan's interest rates and the market's growing expectations for "Plaza Accord 2.0" have jointly boosted the strength of the yen. Considering that Japan's real interest rates remain at extremely low levels and the yen is widely regarded as undervalued, if Trump intends to initiate "Plaza Accord 2.0", Japan is likely to be his preferred target.
Japanese Yen Bulls Seem Reluctant as Trade Tensions Offset BoJ Rate Hike Bets
Japan's January Producer Price Index Rises 4.2%
JGBs Fall, Tracking Declines in U.S. Treasurys -- Market Talk
