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Nov 08 - 03:55 PM

USD/JPY - Breaks Down On Plausible Peak In Bullish Fed-BoJ Policy Divergence

By Content Admin  —  Nov 08 - 01:40 PM
  • USD/JPY fell 0.7% and below its uptrend off Oct. 21's spike low

  • Dip-buying pattern since then now broken and 144.50 Oct. 21 low is eyed

  • US election seen favoring less fiscal support, lower Tsy ylds and dollar

  • BoJ debate on future exit from NIRP, YCC nL1N32400B is a yen plus

  • A close post-US election, Thur's CPI below 144.50 will weaken nL1N32418J

  • Next props are the 38.2% of Aug-Oct rise and key 100-DMA at 143.71/140.59

  • Doable if the vote and CPI suggest fed funds terminal rate already peaked

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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