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Apr 11 - 08:55 AM

USD/JPY - Free To Climb As Resistance Is Removed

By Peter Stoneham  —  Apr 11 - 06:35 AM
  • Japanese offers to 125.00 had stalled: BoJ rhetoric too

  • Talk in the market that some offers were lifted

  • USD/JPY hits 125.44 highs and this from 123.97 Asia low

  • Option barriers touted at 126.00, this the next target

  • Trade weighted yen has dropped to 50-year low and record low possible

  • BoJ's ultra loose policy stance still underpinning USD/JPY

  • Surging U.S. bond yields also in the Monday bullish mix

  • Japan-US interest rate differential over 250 bps now

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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