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Sep 14 - 11:55 AM

USD/JPY - Loses Last Week's Low, Bears In Charge Pre-Fed, BOJ, Suga

By Randolph Donney  —  Sep 14 - 10:10 AM
  • USD/JPY sell stops run below last week's 105.785 low on EBS

  • Bears in charge with 6th session in 7 with lower highs

  • Fed to reaffirm extreme easing bias on Wednesday

  • BOJ seen essentially unchanged, with no policy rate changes

  • Close below the 105.66 cloud base would further weaken the view

  • Huge 105 expiries near August's 105.10/20 lows then key below

  • Yoshihide Suga due to take reigns as PM on Wednesday, Aso still FinMin

  • Could be thrust into FX policy choice if USD/JPY breaks 105

  • July's 104.195 nadir on EBS then crucial support

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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