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Mar 15 - 03:55 PM

USD/JPY - Keeps Its Eyes To The Sky Ahead Of Fed, BOJ Meetings

By Randolph Donney  —  Mar 15 - 02:10 PM
  • USD/JPY's 109.365 EBS high is its nearest to June's 109.85 pre-Fed

  • Fed not seen overtly pushing back against yields rise at this stage

  • Some risk of a correction from near 109.85/110.00/35 hurdles nL1N2LD1M7

  • IMM net spec shorts nearly gone by last Tuesday, leaves less to squeeze

  • Tues's U.S. retail sales could bring hints re stimulus spending vs savings

  • IP and CU also perhaps a window on supply-chain issues, inflation

For more click on FXBUZ

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Refinitiv IFR Research/Market Commentary


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