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Dec 27 - 05:55 AM

USD/JPY - Under Recent Multi-Month High, Kato Issues A New Warning

By Martin Miller  —  Dec 27 - 03:45 AM
  • There has been fresh verbal intervention from Fin Min Kato nP8N3K10QK

  • USD/JPY has seen a modest 157.51-96 EBS range, so far, on Friday

  • Spot, on Thursday, rose from 157.09 to 158.09 (highest level since July)

  • Thursday's rise was fuelled by bets of US growth, inflation nL1N3NR0C9

  • Fourteen-day momentum remains positive, reinforces USD/JPY's bullish outlook

  • The euro usually climbs against the yen in December nL2N3N50BM

  • BOJ cuts monthly bond buying to 4.50 tln yen from 4.91 tln yen nL4N3NS0EL

  • BOJ debated rate-hike timing, some called for near-term move nL1N3NS006

  • Cabinet approves record budget, faces tough parliament fight nL1N3NS00W

Source:
London Stock Exchange Group | Thomson Reuters

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