By Jeremy Boulton — Aug 22 - 04:50 AM
USD/JPY dived from near 162 toward 141 so traders sold short
Interest rates influencing USD/JPY exert huge upside force
BOJ plans to buy more bonds weighing yen
U.S. cenbank is reducing its balance sheet - supporting USD
Japan inc sees USD/JPY average around 142-144 current FY which ends March
One-year USD/JPY forward swap is 613 pips favour USD
Correction target for long-term uptrend is 139.28
Dip buyers can reap big carry with much diminished FX risk
Expectations driving dollar down seem unrealistic nL1N3K9099
Source:
Refinitiv IFR Research/Market Commentary