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Dec 13 - 07:55 AM

USD/JPY - Pushing For A Topside Break

By Peter Stoneham  —  Dec 13 - 06:10 AM
  • Market trying to break to the topside but stalling seen ahead of 138.00

  • Without a close above 138.00 the downtrend from October risks resuming

  • Some Japanese exporter interest noted ahead of 138.00, importers side-lined

  • Tight ranges clouding direction ahead of key event risk

  • U.S. inflation data and FOMC in the pipeline, Tues-Wed respectively

  • Whispers US CPI off to 6% handle, consensus +7.3% nL4N33304N

  • U.S. yields are holding close to recovery highs: dollar supportive

  • USD/JPY levels: 140.62 38.2% Fibo off 151.94-133.62 and 135.29, 200DMA

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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