USD buying momentum may fade from here
USD/JPY continues it advance toward the 150-level and this week Derek Halpenny, Head of Research Global Markets EMEA and International Securities talks to Simon Mayes, Head of UK, Ireland and Switzerland Corporate Sales about the prospects for USD/JPY in the context of a 60bp jump in 2yr US yields, the upcoming elections in both Japan and the US and argues that the buying momentum may start to fade at these levels. Derek also looks ahead to the ECB monetary policy meeting next week and possible implications for the euro.