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Jun 15 - 04:55 PM

USD/JPY - Uptrend Breaks Stride Due To Fast Fed Hikes Becoming Data Dependent

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

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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