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