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Jan 03 - 01:55 AM

USD/JPY - Plumbs The Depths In Extension Of Late 2022 Selloff

By Ewen Chew  —  Jan 02 - 11:55 PM
  • USD/JPY tanks to 129.51 on EBS in extension of late-2022 selloff

  • Extends lower after break of 130.00 psychological barrier

  • Selling affected by thin liquidity as Japan financial mkts closed

  • Downside favored now as 130.00 will attract those caught long

  • USD weakness comes with China, HK stocks overturning losses

  • Improvement in risk appetite pressuring USD broadly in Asia

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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