By Randolph Donney — Jun 15 - 03:25 PM
USD/JPY unable to capitalize on Fed's 75bp hike, with next one in question
O/B pressures and renewed debate about peak in Fed hikes weighed
First lower daily low in 16 sessions and a bearish candle are warnings
Risk of correction to 10-DMA, tenkan at 133.22/2.64 on a sub-133.88 close
Also a little wariness among spec longs ahead of Friday's BoJ meeting
BoJ not a rate hike threat, by it's under-fire YCC cap is in the press
Bearish RSI on weeklies, but no confirmed sell signal there yet
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Source:
Refinitiv IFR Research/Market Commentary