4 Global Market Updates- 21 October, 2022

In this article, we have covered the highlights of global market news about the USD/JPY, EUR/USD, USD/CNH and AUD/USD.

USD/JPY has risen to 151.00, a new 32-year high, as US bond rates rise.

On the last day of the week, the USD/JPY pair is extending its well-established bullish trend and acquiring significant follow-through momentum. In the middle of the European session, buying interest increased, pushing spot prices to a 32-year high in the neighborhood of 151.00.

Despite a significant difference in the monetary policy stances taken by the Bank of Japan and other significant central banks, the selling bias around the Japanese yen has not dissipated. This supports the rising USD/JPY pair and counteracts Japanese government intervention threats.

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