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May 07 - 07:55 AM

USD/JPY - Has Edged Higher Despite Latest Warnings From Japan

By Martin Miller  —  May 07 - 05:45 AM
  • USD/JPY has risen from 153.88 to 154.65, on Tuesday, EBS data shows

  • 4th weekly close in a row above long-term 152.60 Fibo bullish nL1N3H92TW

  • Huge rate differential between Fed and BOJ continue to underpin spot

  • However, Japan warns of action over rapid currency moves nL1N3H9310

  • Ueda: Bank of Japan to scrutinise yen moves in guiding policy nL4N3HA2LW

  • USD/JPY and EUR/JPY pairs maintain strong 30/60-day positive correlations

Refinitiv IFR Research/Market Commentary


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