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Jun 06 - 06:55 AM

USD/JPY - Bullish, BOJ's Kuroda Extols Positives Of A Weak Yen

By Martin Miller  —  Jun 06 - 04:50 AM
  • USD/JPY has seen a 130.43-130.99 range so far on Monday, according to EBS

  • Japanese exporters said staking out above 131, possibly option players too

  • USD/JPY chart points to a retest of the 2022 peak nL1N2XT0F8

  • Spot's bias certainly remains up on Fed-BOJ policy divergence

  • BOJ's Kuroda: if moves are not too sharp, weak yen is positive nT9N2X2051

  • EUR/JPY's 30/60-day long correlations with USD/JPY well above +0.50

  • The two currency pairs close in the same direction more often than not

Daily Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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