How much longer can USD/JPY hold under 150? The USD is supported by yields, economy

<p>Japan's finance minister was once again across the news wires with warnings on intervention.</p><ul><li><a href="https://www.forexlive.com/centralbank/japan-fin-min-suzuki-verbal-yen-intervention-comments-will-take-appropriate-steps-20231003/" target="_blank" rel="follow" data-article-link="true">Japan fin min Suzuki verbal yen intervention comments – will take appropriate steps</a></li></ul><p>They sound rather hollow. The issue does not appear to be a weak yen, but a strong USD. EUR/JPY, GBP/JPY are not scaling lofty heights, suggesting the USD/JPY gains are USD driven. </p><p>There are easily explainable factors for the stronger USD:</p><ul><li>US yields are ratcheitng higher and higher</li><li>the US economy is resilient</li></ul><p>Its difficult to make the case that USD/JPY is much higher than fundamentals support. </p><p>Check out EUR/JPY, and GBP/JPY – they are flat lines compared with USD/JPY. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.