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Dec 27 - 05:55 AM

USD/JPY - Tight And Contained Following BoJ Minutes

By Peter Stoneham  —  Dec 27 - 04:35 AM
  • Limited activity despite latest BoJ input

  • Minutes showed disparate views on the timing of an exit from ultra-low rates

  • Yen has lost around 8% in value this year but rebound bets are increasing

  • However, the likely timing of an exit still up in the air

  • Tight ranges heading into year-end: 200DMA containing at 142.93

  • Yen holding softer but still very much in the game: Fed March cut spec cited

  • USD/JPY's retracement of the 151.92-140.95 Nov-Dec drop stalling at 144.95

  • Next Fibo level, 38.2%, of that move at 145.14

  • Support runs in at 141.88, Dec. 22 low: key support 140.95, Dec low

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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