More Yen weakness

4月3日

BOJ under pressure after US ISM data stronger than expected causing Yen Weakness has markets on watch for an intervention, not to happen during Asian session (their own). Market survey expects intervention at the 152 level. BOFA see a print north of 160 if FED further delays cuts, if at all...YUAN pressure mounting, too. Markets surveys report expected 200k jobs print this Friday, north of that expect a bounce above 152 and BOJ jawboning and/or intervention possibly the catalysts, all else equal, rangebound holding pattern until Fri.