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Feb 06 - 05:55 PM

USD/JPY - CORRECTED-BUZZ-USD/JPY-Soars To Highest Since Jan. 6 On Fed-BoJ Policy Repricing

By Randolph Donney  —  Feb 06 - 02:20 PM

Corrects headline to Fed-BoJ from Fed-BoE

  • USD/JPY rose 1.1%, extending Fri's post-NFP surge

  • High at 132.90 on EBS is by 23.6% of 151.94-127.215 drop at 133.05

  • Yen weakened by reports likely new BoJ Gov least hawkish nL1N34L0D7

  • Allows 2-yr Tsy-JGB yld spread to rise 14bp to highest since November

  • The falling 55-DMA will be near the 133.05 Fibo mid-week

  • Focus now on Fed Chair Powell's speech on Tues after stellar data

  • Also Tues's State of the Union Address by Biden eye for geo-pol risk

  • A 131.20-1.51 gap from Fri's high to Mon's low might be get filled

  • But the downtrend from Oct's 32-yr peak looks to have reversed

  • Fibo and 200-DMA hurdles at 136.66/81/86 are plausible M-T targets

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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