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Dec 15 - 07:55 AM

USD/JPY - Has Bullish Tilt As FX Traders Await Fed Announcement

By Martin Miller  —  Dec 15 - 06:06 AM
  • USD bulls, in general, could be trapped by reaction to the Fed nL1N2T00O9

  • USD/JPY chart, however, shows scope for a kijun (114.03) break nL1N2T00GB

  • USD/JPY has seen a 113.63-83 range on Wednesday, according to EBS prices

  • Talk Japanese exporters offers from 114.00, importers on dips towards 113.50

  • EUR/JPY's 30-day correlation with USD/JPY above +0.5

  • That shows the two currency pairs are moving more in lockstep

  • Japan admits overstating some government econ data for years nL1N2T0010

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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