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Apr 05 - 04:55 PM

USD/JPY - Clears Last Hurdle Before 2022 High As Fed-BOJ Divergence Widens

By Randolph Donney  —  Apr 05 - 02:00 PM

  • USD/JPY above 123.20 hurdle, eyes 2022's 125.105 peak as Tsy yields surged

  • Tsy yields soar to roughly 3-yr highs on hawkishness of Fed's Brainard

  • Normally a dove, she sounded the inflation, Fed hike, QT alarms nL2N2W3162

  • ISM services also supportive of Fed tightening, higher rates nL2N2W317Q

  • Beyond 2022's 125.105 EBS peak is 2015's 125.86 highest high since 2002

  • That target's joined by the 161.8% Fibo off last week's lows

  • BOJ is not only not raising rates, but has upped QE to cap all JGB yields

    For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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