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Apr 24 - 07:55 AM

USD/JPY - Primed To Climb Well Above The 155 Psychological Level

By Martin Miller  —  Apr 24 - 05:35 AM
  • Dollar recovers from PMI slump, yen closes in on 155 per dollar nL2N3GX0FU

  • USD/JPY has seen a 154.73-98 range, on Wednesday, according to EBS data

  • Fundamental and technical factors are pressuring Japan nL2N3GX0QL

  • Rate differential between the Fed and BOJ USD/JPY's bias on the upside

  • Daily chart points to bigger USD/JPY gains in coming sessions nL2N3GX0IT

  • Ochi: Yen's slide toward 160 level could trigger action nL3N3GX0ID

  • USD/JPY and EUR/JPY pairs maintain a strong 60-day positive correlation

Refinitiv IFR Research/Market Commentary


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