USDJPY had a decent drop on the dovish FOMC result on Wednesday.
More downside could be ahead though if we look at the US10Y-JP10Y rate differential that has an extremely strong correlation with this pair.
The last time the differential was this low was July '23, USDJPY was trading with a 140 handle back then.
More downside could be ahead though if we look at the US10Y-JP10Y rate differential that has an extremely strong correlation with this pair.
The last time the differential was this low was July '23, USDJPY was trading with a 140 handle back then.