Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Dec 29 - 03:55 PM

USD/JPY - Lower To End 2023 As Traders Price For More-Hawkish BoJ, Dovish Fed

By Paul Spirgel  —  Dec 29 - 12:45 PM
  • $JPY lower into years close, -0.33% at 140.95; Fri range 141.92-140.82

  • Marts pricing for March Fed cut IRPR; near 50% odds for BoJ hike in Jul

  • Inflation, wages remain key for Fed pivot; BoJ remains reluctant to pivot

  • BOJ's Ueda: not in rush to unwind ultra-easy policy - NHK nL1N3DM0FS

  • Should BoJ, Fed balk on pivots in 2024 risk to upside for $JPY

  • Resistance at 141.92 Fri high, 142.37 10-DMA, 143.03 200-DMA

  • Bulls regain momentum above 146.10 50% Fib of 151.92-140.27

  • Though multiple DMA resistance protecting 146

  • Support at 140.82 Friday low, 140.27 Dec 28 low, 139.69 lower 21-d Bolli

  • JPY=EBS shows yen fell 7.5% YTD, is down 32.7% over last 6-months

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!