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Dec 17 - 05:55 AM

USD/JPY - On A Knife-Edge As Fed, BOJ Rate Decisions Loom

By Martin Miller  —  Dec 17 - 03:35 AM
  • USD/JPY seen a steady 153.80-154.34 range, on Tuesday, EBS data shows

  • That after USD/JPY peaked at 154.48, on Monday

  • Spot's close on Fri and Mon above 153.66 Fibo is very bullish nL1N3NI070

  • 153.66 Fibo is a 61.8% retrace of the 156.76 to 148.65 (EBS) drop

  • Note the euro usually climbs against the yen in December nL2N3N50BM

  • Traders confident of a quarter-point Fed rate cut on Wednesday nL1N3NH00K

  • A slim majority of economists see BOJ skipping Dec rate hike nL4N3NB0GY

  • USD/JPY options don't rule out a surprise BOJ hike nL1N3NI08W

Source:
London Stock Exchange Group | Thomson Reuters

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