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Dec 18 - 05:55 PM

USD/JPY - Tumbles In Early Asia As Stops Below 136.00 Triggered

By John Noonan  —  Dec 18 - 04:05 PM
  • USD/JPY has gapped lower in early Asia with stops triggered below 136.00

  • Japanese press tipping eventual changes to BOJ accord may be supporting JPY nL1N33704J

  • It follows similar reports late last week regarding changes to yield cap nL4N32Z1D4

  • BOJ meets Tuesday, but not expected to change policy or dovish guidance

  • USD/JPY has traded as low as 135.80 after closing US on Friday at 136.73

  • Support is at 200-day MA at 135.66 and break targets last week's 134.53 low

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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