"USD/JPY Holds Strong in Asia Trade Amid Diverging US and Japan Rates Outlook"
TL;DR Summary
The US dollar strengthened in Asia trade, pushing USD/JPY above 150.35, while Japan's finance minister's comments had little impact on the yen. The People's Bank of China (PBoC) announced a historic cut to its benchmark reference rate for mortgages, leading to the onshore yuan trading at its weakest against the dollar since November last year.
- USD/JPY is maintaining its highs in Asia trade ForexLive
- JPY futures near sentiment extreme, USD set to retrace? COT report FOREX.com US
- Dollar firms past 150 yen as US, Japan rates outlook diverge Yahoo Finance
- Japan finance minister Suzuki says closely watching fx moves ForexLive
- USD/JPY depreciates to near 150.00, Japan Machinery Orders improves FXStreet
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