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Mar 01 - 06:55 AM

USD/JPY - Downside Likely Limited As BOJ's Line Remains The Same

By Martin Miller  —  Mar 01 - 05:10 AM
  • USD/JPY has dropped from 136.47 to 135.62, on Wednesday, according to EBS

  • A close above the broken 136.66 Fibo needed to galvanise bulls nL1N3590I2

  • BOJ's Nakagawa endorses ultra-easy policy nT9N34V00R

  • That could help limit USD/JPY's latest dive. Previous nL1N3580PH

  • EUR/JPY's correlation with USD/JPY high, 30/60-day logs are both above +0.70

  • USD/JPY and EUR/JPY tend to move in the same direction

Source:
Refinitiv IFR Research/Market Commentary

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