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Oct 17 - 06:55 AM

USD/JPY - After Thirty Seven Years USD/JPY Finally Reaches Its Target

By Jeremy Boulton  —  Oct 17 - 05:25 AM
  • After 37 years USD/JPY corrects drop that followed Plaza Accord

  • Pair dropped 262.80 to 75.55 between 1985 and 2011

  • Target for minimum tech correction of that drop is 147.08

  • Next target is 50% which is 169.18

  • USD/JPY has far exceeded 140.34 suggesting a return to 160.35

  • Dollar might soar if liquidity troubles FX traders




Source:
Refinitiv IFR Research/Market Commentary

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