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Mar 21 - 08:55 AM

USD/JPY - Quite Volatile As Traders Weigh Up The Fed And BOJ

By Martin Miller  —  Mar 21 - 06:35 AM
  • Fin Min Suzuki: monitoring FX with high sense of urgency nL2N3FZ02L

  • Yen drew support from expectations of further BOJ hikes nL2N3FZ0C3

  • However, big rate differential between Fed, BOJ helps underpins USD/JPY

  • USD/JPY has seen a 150.27 to 151.45 range, on Thursday, EBS data shows

  • USD/JPY chart shows a market set to break above 2023/2022 peaks nL2N3FZ0MR

  • USD/JPY and EUR/JPY pairs maintain a strong positive correlation

Source:
Refinitiv IFR Research/Market Commentary

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