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Mar 29 - 05:55 AM

USD/JPY - Levels Now Key For Hedging Purposes

By Jeremy Boulton  —  Mar 29 - 03:40 AM
  • After the advent of EBS USD/JPY dropped from 147.64 to 75.31 (record low)

  • Subsequent recovery saw pair reach 125.86 in 2015 (2022 peak 125.10)

  • A 76.4% retrace 147.64-75.31 drop is 130.57 (130 a big option level)

  • 130 is effectively the gateway to 150

  • 2002 peak is 135.20 (135 another potentially big option level)

  • Targets based off record low and 2015 peak: 130.24 and 149.55 (130/150)

  • Minimum tech correction for USD/JPY's long-term drop is 184 nL2N2VW0DY





USDJPY targets off all-time low Click here

USDJPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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