USD/JPY: Yen vulnerable to a further correction lower – MUFG

USD/JPY: Yen vulnerable to a further correction lower – MUFG USDJPY BOJ Banks

has helped to lift USD/JPY back above the 135.00 level and it has continued to move closer to its’ 200-Day Moving Average that comes in at around 137.10.”to abandon Yield Curve Control in Q2 while maintaining negative rates this year, although there is a higher risk it could take longer to make further adjustments to YCC. It leaves the Yen vulnerable to weakness in the near-term while yields outside of Japan are rising again.

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