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Sep 05 - 08:55 PM

USD/JPY - Moves Steadily Higher Towards 24-Year Peak

By Krishna K  —  Sep 05 - 06:45 PM
  • USD/JPY poised for a retest of 140.80 Fri high after closing 0.3% higher Mon

  • Trades in a relatively narrow 140.05-140.65 range as US markets closed

  • Downside limited as global recession fears lead to broad USD strength

  • BOJ-Fed policy divergence supports; Fed rate hikes to continue nL1N30914Q

  • Japan jawboning & exporter offers ahead of 141.00 may slow USD rally

  • 139.50-141.00 consolidation likely before rally continues

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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