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Apr 24 - 07:55 AM

USD/JPY - Downside Limited By Japanese Importers, Tech Support

By Martin Miller  —  Apr 24 - 05:55 AM
  • USD/JPY has risen 133.89 to 134.48, on Monday, EBS data shows

  • USD/JPY propped by cloud that spans the 132.56-134.23 region nL1N36R0HM

  • Japanese exporter offers eyed from ahead of the 135.00 psychological level

  • Japanese importer buys almost every day in April, especially on dips

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.60

  • BOJ Ueda to chair 1st policy meeting, decision due Friday nL1N36R081

  • He wants 'quite strong' inflation before tweaking yield control policy

Source:
Refinitiv IFR Research/Market Commentary

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