, with ECB President Christine Lagarde not saying anything new in her remarks at an IMF panel, but
His remarks seemed to endorse those recently made by some of the ECB’s more hawkish members in recent days pushing for a July hike and saw ECB tightening bets upped as a result. Meanwhile, higher yields in the US saw the yen struggle, though albeit perform a little better than its risk-sensitive peers amid safe-haven demand as stocks fell. USD/JPY gained about 0.4% to rally into the 128.30s, with the bulls eyeing a potential retest of earlier multi-decade highs above 129.00 if 1) US yields keep pushing higher and 2) the BoJ keeps reiterating its dovish stance and defending its yield curve control target range.
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