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Aug 26 - 05:55 AM

USD/JPY - Dovish Fed, Hawkish BOJ, Leans Heavily On USD/JPY

By Martin Miller  —  Aug 26 - 03:45 AM
  • Fed Powell's was dovish last week, while BOJ Ueda's was hawkish

  • Dollar sank to a three-week trough against the yen nL1N3KD034

  • USD/JPY chart shows a market set for a even bigger fall nL1N3KD069

  • Spot has dropped from 144.33 to 143.45, on Monday, on the EBS

  • There is a risk for an extension to retest the August 141.68 low

  • EUR/JPY and USD/JPY continue to trade in tandem with each other

Source:
Refinitiv IFR Research/Market Commentary

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