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Mar 19 - 11:55 PM

USD/JPY - REFILE-BUZZ-USD/JPY-Readies For Test Of Multi-Decade High

By Krishna K  —  Mar 19 - 09:55 PM

Amends headline reference to milestone

  • USD/JPY up 0.25%, hits 4-mth 151.34 high on entrenched bearish yen sentiment

  • JPY still viewed as funding currency as BOJ sticks to accommodative policy

  • Test of 151.94, Oct 2022 high, imminent on higher-for longer Fed rates view

  • EUR/JPY jumps to 164.35, highest since 2008, GBP/JPY to 192.37, 9-year high

  • Fed rate decision Wed awaited; updated economic, rate projections eyed

  • Japan holiday Wednesday, illiquid markets likely to exacerbate moves

  • Wed range 150.77-151.34; resistance 151.60, 151.90-152.00, support 150.40-50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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