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Jun 23 - 07:55 AM

USD/JPY - Looks Set To Gain, BOJ's Policy Faces More Criticism

By Martin Miller  —  Jun 23 - 05:35 AM
  • USD/JPY setback likely be short-lived, momentum still positive nL1N2YA0FG

  • Govt panel member adds to criticism of the BOJ's policy nL4N2YA0N7

  • Yuri Okina: BOJ's yield cap causing 'negative spiral' of yen falls

  • Japan importers still in dip-buy mode, that should help limit the downside

  • USD/JPY has seen a 135.13-136.20 range, on Thursday, according to EBS

  • EUR/JPY's 30/60-day long correlations with USD/JPY well above +0.50

  • The two currency pairs close in the same direction more often than not

Source:
Refinitiv IFR Research/Market Commentary

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