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Jun 18 - 07:55 AM

USD/JPY - Downside Limited As Market Focus On BOJ Lag Behind Fed

By Martin Miller  —  Jun 18 - 06:07 AM
  • Dollar remains underpinned by hawkish Federal Reserve nL2N2O00LE

  • BOJ likely to lag behind U.S. in ending crisis-mode policies nL2N2NZ33G

  • Yen set to suffer a while longer as BOJ baulks at tapering nL2N2NM0B9

  • USD/JPY fell from 110.33 to 109.95 on Friday, according to EBS data

  • But setback likely to be short-lived, daily chart positive nL2N2O00H9

  • Large 110.00 NY cut expiry could limit trading in early NY

  • USD/JPY, EUR/JPY 30-day log correlation under +0.5, weak relationship

Daily Chart: Click here

Refinitiv IFR Research/Market Commentary


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