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Oct 01 - 04:55 AM

USD/JPY - High Risk Of USD/JPY Short Squeeze

By Jeremy Boulton  —  Oct 01 - 02:45 AM
  • Highly unlikely any changes to BOJ to policy happen quickly nL1N3JT0CT

  • Policymakers discussed need for caution in raising rates nL4N3LD00O

  • Top currency diplomat acknowledges that yen shorts unwound nP8N3KT008

  • The stronger yen is tightening policy before the BOJ acts again

  • Traders holding biggest bet on yen rising for years nL1N3LD07O

  • USD/JPY has settled into a range and it costs to hold USD shorts

  • There is scope for a rise to peak daily Bollingers at 146.69

  • Good chance USD/JPY rises above top of 140-145 range currently eyed

Source:
Refinitiv IFR Research/Market Commentary

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