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Oct 19 - 04:55 PM

USD/JPY - Awaits Next Run Of Fed Rate Hike Pricing To Clear Key Hurdles

By Randolph Donney  —  Oct 19 - 02:36 PM
  • USD/JPY held just below key hurdles at 114.50-55 for a third straight day

  • But up from o/n dip to the 100-HMA and hourly cloud base @118.375 on EBS

  • Haven yen broadly lower amid rebound in risk-taking, USD/CNH dump

  • But Tsy-JGB yield spreads remain the main driver for USD/JPY

  • And BOJ's totally outmatched by Fed re rate hike potential nL1N2RF1R4

  • Options market is now better positioned for further USD/JPY gains

  • 115 is the immediate target above 114.55, 118.66 a L-T target

For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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