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Apr 25 - 05:55 PM

USD/JPY - Gains Limited Post-US GDP, PCE, And Pre-BoJ And Core PCE

By Randolph Donney  —  Apr 25 - 01:55 PM
  • USD/JPY's new 34-yr high at 155.75 Thur was aided by Tsy-JGB yld spreads

  • Weak but inflationary U.S. Q1 GDP and core PCE crushed Fed cut pricing

  • That amid doubts about Japan's plans to support the falling yen

  • Friday's BoJ meeting eyed for QE exit plans, but no rate hike is expected

  • Slowing the 155 breakout was the broader dollar softening on Thursday

  • Prices have come closer to the upper 30-day Bolli by 156

  • That Bolli was by key highs earlier this month and in prior two months

  • Friday data features are Tokyo April CPI and U.S. core PCE

  • That as nearby MoF yen intervention looks less likely or acceptable to US

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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