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Mar 24 - 07:55 PM

USD/JPY - Hovers Near Multi-Decade High, Break A Matter Of Time

By Krishna K  —  Mar 24 - 06:10 PM
  • USD/JPY to remain bid on dips after rising to a 4-mth 151.86 high on Friday

  • Supported by broadly strongly dollar as U.S. economy outperforms

  • Fed's Bostic scales back to single rate cut on inflation concerns

  • Prospects of prolonged low rates in Japan pushes down yen

  • JPY still viewed as funding currency as BOJ sticks with accommodative policy

  • BOJ's Ueda eyes future drop in bond buying in sign of steady policy exit

  • 151.94 multi decade caps rise for now as traders wary of Japan intervention

  • Resistance 151.90-152.00, support 151.00, 150.50; Fri range 151.86-151.00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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