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Sep 16 - 04:55 AM

USD/JPY - Breaks 140 As Traders Brace For Fed/BOJ Rate Decisions

By Martin Miller  —  Sep 16 - 03:15 AM
  • USD/JPY outlook very negative as Fed/BOJ rate decisions loom nL1N3KV0BD

  • Spot has broken below 140 psychological level, knocking out barrier options

  • USD/JPY has collapsed from 140.89 to 139.70, on Monday, EBS data shows

  • Yen gains as bets firm on an aggressive Fed rate cut nL1N3KY052

  • Though LSEG IRPR App shows a BOJ hike not likely on Sept 20

  • EUR/JPY and USD/JPY currency pairs continue to trade in tandem

  • N.B. Japan's financial markets closed on for holiday on Monday nL4N3KY00V

Source:
Refinitiv IFR Research/Market Commentary

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