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Mar 19 - 05:55 AM

USD/JPY - : Kuroda Doesn't Think FX Moves Deviate From Fundamentals

By Martin Miller  —  Mar 19 - 03:40 AM
  • BOJ Gov Kuroda doesn't think FX moves deviate from fundamentals nT9N2BH01C

  • USD/JPY has seen a 108.73-109.14 range on Friday, according to EBS data

  • Break above recent 2021 109.36 peak posted Mon could trigger 109.40+ stops

  • A USD/JPY break above 109.56 Fibo would be a bullish sign nL1N2LG0F2

  • 109.56 Fibo is 76.4% of 111.71 to 102.60 (Mar 2020 to Jan 2021) fall

  • USD/JPY, EUR/JPY 30-day log correlation remains under +0.5

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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