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Aug 06 - 03:55 AM

USD/JPY - Japan Inc A Key Factor Shaping USD/JPY Low

By Jeremy Boulton  —  Aug 06 - 02:40 AM
  • Large Japanese manufacturers f/c USD/JPY averaging 142.68 in current FY

  • All Japanese firms f/c an average of 144.77

  • July 5 low 141.68 EBS, July 6 range 143.63-146.36

  • Little chance Japan inc were able to hedge sufficiently

  • Likely Japanese firms will be keen buyers of further weakness

  • Close over Mon's 146.55 high would significantly heighten upside risk

Source:
Refinitiv IFR Research/Market Commentary

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