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Dec 12 - 06:55 AM

USD/JPY - Looks Set To Climb Even Higher, BOJ In No Rush To Hike

By Martin Miller  —  Dec 12 - 04:40 AM
  • BOJ in no rush to hike, yen's rebound moderates price pressure nL4N3NC1OT

  • Fed will likely cut nL1N3NC0ER ahead of BOJ decision. BOJ meet Dec. 18-19

  • No matter what, the big gap between Fed/BOJ will continue to favour dollar

  • USD/JPY has so far risen from 151.96 to 152.76, on Thursday, EBS data shows

  • Bulls really need a daily close above the 152.71 Fibo nL1N3ND06P

  • 152.71 Fibo is a 50% retrace of the 156.76 to 148.65 (Nov to Dec) drop

  • Note the euro usually climbs against the yen in December nL2N3N50BM

Source:
London Stock Exchange Group | Thomson Reuters

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