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Sep 14 - 05:55 AM

USD/JPY - BOJ Rate Check Report Offers FX Traders A Cheaper USD/JPY

By Martin Miller  —  Sep 14 - 03:50 AM
  • Yen gains after report of BOJ rate check, hints on intervention nL4N30L0YH

  • More on the BOJ's reported rate check nL1N30L0AO

  • USD/JPY fell from 144.96 in Asia to 143.28 in London, before steadying

  • FX traders exited USD/JPY this week, EBS data shows, until late Asia on Wed

  • It could be that traders see the USD/JPY setback as a buying opportunity

  • Daily chart bullish despite Asia's failure ahead of 144.99 peak nL1N30L0BA

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are above +0.50

Source:
Refinitiv IFR Research/Market Commentary

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