USD/JPY pops 138.00 for the first time since September of 1998

No stopping the yen slide.

USD/JPY has touched just over 138.00.

The monetary policy divergence between the Bank of Japan and, well, pretty much everyone else, has been stark. And that does not look set to change any time soon. While there have been pullbacks (nothing moves in a straight line) the drivers of yen weakness have remained in place and the yen has kept on sliding.

more to come

usdyen chart 14 July 2022
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