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Jan 16 - 02:55 AM

USD/JPY - Swings Up; BOJ Hike May Already Be Mostly Priced In

By Ewen Chew  —  Jan 16 - 01:41 AM

• USD/JPY bolts up to 156.32 from low 155.21, -0.1% from -0.8%

• But closing below 156.79 validates Bollinger downtrend channel

• That would put it on track toward 200 DMA support 152.81

• Dip cued by report of possible BOJ hike next week

• BOJ's Ueda has hinted a hike being considered

• But poll suggests Jan tightening may be priced in
JPY:


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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