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Oct 28 - 05:55 AM

USD/JPY - REFILE-BUZZ-BoJ Is Ignoring The Obvious USD/JPY Should Go Much Higher

By Jeremy Boulton  —  Oct 28 - 03:50 AM

Adds chart

  • BOJ has retained super easy policy while ignoring the obvious

  • BOJ gov says interest rate differential has little correlation with $/yen

  • USD/JPY rose 29% following first Fed hike in March

  • Kuroda says nobody thinks YCC has any particular influence on USD/JPY

  • Says Japan has history of suffering with a strong yen

  • Yen hasn't been strong for many years and now on cusp of a record low

  • Massive USD/JPY intervention likely to make situation worse






Source:
Refinitiv IFR Research/Market Commentary

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