Flash: USD/JPY, resurface above 99-100 needed to see new highs - BBH

FXstreet.com (Barcelona) - Japanese government bonds have been impressively stable as US yields surged post FOMC, with the 10-year spread at 165 bp at the end of last week from 130 bp a week earlier - a 2-year high- , notes Marc Chandler, Head of Currency Strategy at BBH. The USD/JPY needs to now "resurface the JPY99-JPY100 area to boost the confidence of the bulls that new highs can be seen" Chandler adds.