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Feb 22 - 07:55 PM

USD/JPY - Steady Rally Continues As US Economy Outperforms

By Krishna K  —  Feb 22 - 06:20 PM
  • USD/JPY bid after trading a 150.02-150.69 range and closing 0.15% higher Thu

  • Boosted by buoyant risk appetite as Nvidia fuels global stock records

  • Nikkei scores first record high since 1989 as foreigners return in force

  • Rising U.S. yields and 'higher for longer' Fed rates outlook support dollar

  • Strong U.S. economic data keeps Fed on track to delay rate cuts

  • Growing optimism of BOJ stimulus exit in April likely to slow USD RALLY

  • BOJ may end negative rates in Mar if strong wage hikes seen- ex-policymaker

  • Japan markets closed Fri for local holiday; thin market may exacerbate moves

  • Resistance 150.90-151.00, support 150.00-10, 149.70-75

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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