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Mar 18 - 07:55 AM

USD/JPY - Remains Bullish As Big Fed/BOJ Decisions Loom

By Martin Miller  —  Mar 18 - 06:05 AM
  • USD/JPY bias remains on the upside ahead of this week's Fed, BOJ meetings

  • Big rate differential between Fed, BOJ helps underpins USD/JPY nL2N3FQ0MA

  • Despite hawkish speculation, BOJ could remain easy nL2N3FW06I

  • USD/JPY chart points to gains to retest the 2024 150.88 high nL2N3FW0HA

  • Spot has seen a 148.90-149.33 range, according to EBS data

  • USD/JPY and EUR/JPY pairs currently have a strong positive correlation

Source:
Refinitiv IFR Research/Market Commentary

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