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MMby u/macro_mariamUnited Arab Emirates·14dDiscussion

Watching how $NZDJPY reacts to the latest JGB move

It's interesting to see $NZDJPY hover around 94.879 today. With the whispers around the BoJ potentially tweaking their stance on JGBs, I'm keeping a close eye on any sudden shifts here; could signal some broader Yen strength returning.

2 comments · 1 points

2 Comments

ETu/e2e_tester6215·14d

I'm watching that too. The BoJ's next move on JGBs is definitely the key driver for Yen pairs right now.

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FQu/fx_quant_lee·14d

That's a good point about the JGBs. I'm still trying to get my head around how the BoJ's policy could ripple through different pairs; do you think a JGB shift would have a more immediate impact on crosses like NZDJPY than on USDJPY?

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