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Dec 17 - 05:55 AM

USD/JPY - Downside Limited, BOJ Kuroda Talks Up Weak Yen Benefits

By Martin Miller  —  Dec 17 - 04:05 AM
  • USD/JPY has a setback after hitting Wed's 114.28 peak, highest since Nov 26

  • USD/JPY has seen a 113.45-87 range on Friday, according to EBS prices

  • BOJ has dialled back pandemic funding, Kuroda talks up weak yen nL4N2T20N8

  • Though dollar's downside risk has heightened after Fed shift nL1N2T10OP

  • USD/JPY's downside limited by cloud (111.90-113.31) this month nL1N2T20DU

  • EUR/JPY's 30-day correlation with USD/JPY above +0.5: moving in lockstep

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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