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Mar 17 - 08:55 PM

USD/JPY - Slips As Fed Dot Plot Disappoints, Focus On BOJ Fri

By Krishna K  —  Mar 17 - 06:44 PM
  • USD/JPY opens 0.2% lower as Fed signals zero rates through 2023 nL1N2LF2JI

  • Drop limited; Fed projects jump in U.S. economic growth, inflation this year

  • Higher U.S. yields support; 10-yr yield rises to 1-year high but pares gains

  • Strong growth, subdued inflation, low rates to lift risk sentiment, USD +ve

  • Focus no on Fri BOJ meeting outcome; c.bank may phase out asset-buying goal

  • Resistance 109.30-35, 109.45-60, 109.75-85; support 108.50-55, 108.30-35

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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