USD/JPY Rallied to 11-month High Despite Rosy Q3 Tankan Report and Verbal Interventions

<p><img width="484" height="357" src="https://www.actionforex.com/wp-content/uploads/2018/05/f-usd-jpy-7.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2018/05/f-usd-jpy-7.jpg 484w, https://www.actionforex.com/wp-content/uploads/2018/05/f-usd-jpy-7-80×60.jpg 80w" sizes="(max-width: 484px) 100vw, 484px" /></p>
<p>Upbeat longer-term inflationary expectations and business sentiment of large Japanese corporations could not derail the relentless up move of USD/JPY. Momentum factor and further potential 10-year US Treasury/JGB yield spread premium are supporting this current bout of rallies seen in USD/JPY at least in the short-term. The key resistances to watch will be at 150.00/150.30 […]</p>
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