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Oct 03 - 06:55 AM

USD/JPY - A USD/JPY 150 Break Might Pass With A Whimper

By Martin Miller  —  Oct 03 - 05:30 AM
  • Dollar surges, on cusp of 150 yen nL2N3B90FR

  • Fin Min Suzuki: volatility, not yen levels, key on intervention nL3N3B90CE

  • Suzuki: authorities stand ready to respond in the FX market

  • Dollar typically climbs against the yen in October nL2N3B826R

  • USD/JPY chart shows a market set to soar nL2N3B824L

  • USD/JPY has seen a 149.66-149.93 range, on Tuesday, EBS data shows

  • 149.93 is the highest level seen since October 2022

  • USD/JPY's 60-day log correlation with EUR/JPY remains high, above +0.60

Source:
Refinitiv IFR Research/Market Commentary

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