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Jun 10 - 05:55 AM
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USD/JPY's Downside Seems Limited, The 2026 High Is In Focus
By Martin Miller — Jun 10 - 03:46 AM
• USD/JPY looks set to test Japan's resolve
• Yen remains weak despite expected BOJ rate hike
• USD/JPY has seen a modest 160.24-160.43 range on Wednesday, EBS data shows
• There is scope for a 2026 160.72 high retest, April 30 peak when Japan intervened in yen
• 30-day log correlation between USD/JPY, EUR/JPY is above
+0.5 (pairs are moving in tandem)
Correlation Chart
Daily Chart
(Martin Miller is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters