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Jun 17 - 09:48 PM
USD/JPY - Stationary Into C.bank Events, Bides Time For Move
First appeared on eFXplus on Jun 17 - 07:25 PM
  • USD/JPY continues its sideways consolidation, marks time ahead of Fed & BOJ
  • Rallies stunted as Fed seen laying groundwork for rate cut later this year
  • Rising U.S.-Iran tensions nL8N23O4N0, acrimonious U.S-China ties cap
  • Down side limited, Fed easing hopes negated by BOJ ultra-loose policy
  • BOJ's 2% inflation target remains elusive, more easing by Sept? nL4N23N169
  • Support 108.35, 108.15-20; resistance 108.60, 108.70-80

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Source:
Refinitiv IFR Research/Market Commentary

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