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Feb 13 - 06:55 AM

USD/JPY - Traders May Find Japan Inc Sitting On USD/JPY Offer

By Jeremy Boulton  —  Feb 13 - 04:40 AM
  • USD/JPY near a big psychological marker at 150 ahead financial year end

  • Japanese firms usually repatriate yen ahead year-end

  • State owned institutions are also used for stealth intervention

  • Covert intervention is a near certainty in near future

  • These institutions are some of the biggest investors globally

  • Interest to sell USD/JPY could be unusually large between 150-152

  • Bets on JPY falling have recently doubled

  • Japanese authorities may counter speculation seen to be excessive

  • There is a chance dollar has been set up to fall nL2N3EY0CQ

Source:
Refinitiv IFR Research/Market Commentary

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