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Aug 25 - 06:55 AM

USD/JPY - Has Enormous Potential To Rally

By Jeremy Boulton  —  Aug 25 - 05:00 AM
  • USD/JPY soared in wake of 2008 crisis and when DJI rallied 2016/17

  • Historically DJI and USD/JPY are strongly correlated

  • DJI has been slow to rally compared other markets but it's now rising

  • DJI's topside potential is huge nL1N2FR0B7

  • USD/JPY has been slipping during the recent DJI rise

  • Effectively cheap. Now is a good time to hedge topside risks

  • A closing break over Aug high at 107.05 is needed to excite



USD/JPY Click here

DJI and USD/JPY Click here

Source:
Refinitiv IFR Research/Market Commentary

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