US Dollar (USD) could test 154.50 before a pullback can be expected. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY jumped, postBoJ’s decision to keep policy rate on hold. 2 members dissented against the decision – unchanged from previous meeting. USD/JPY last seen at 154.20 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of renewed risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.