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Jul 21 - 06:55 AM

USD/JPY - Fed And BOJ May Soon Open Door For USD/JPY Rally To 160.00

By Jeremy Boulton  —  Jul 21 - 05:25 AM
  • Fed is expected to hike interest rates by 75 bps July 27 nL1N2YW1AY

  • BOJ retains easy policy

  • Kuroda shuns chance of near-term rate hike nL1N2Z2005

  • Two central banks combine to fuel a USD/JPY

  • USD/JPY has soared 114-139 since Fed hike in March

  • Close over 140.34 will target a return to 1190 peak at 160.35

  • Dollar has gained 20% in a year, it could rise much further nL1N2Z20JB




Source:
Refinitiv IFR Research/Market Commentary

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