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Home Forex News

USD/JPY looks set to challenge the 126.50 mark

Admin by Admin
January 13, 2023
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USD/JPY remains the stand-out interest. Economists at ING expect the pair to nosedive towards the 126.50 mark.

The BoJ may be on the verge of its biggest policy change in decades. Even short-dated JPY Interest Rate Swaps have started to move and are at the highest levels (near 30 bps) since 2008!”

“Clearly, USD/JPY has come a long way very fast, but some of the longer-term skews in the FX options market point to a structural shift in the market’s view in USD/JPY.”

“We suspect few will want to stand in the way of the USD/JPY downside.”

“126.50 looks like the clear near-term target for USD/JPY.”

Related Content– AUD/USD Point To More Downside For The Aussie

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Source: FxStreet
Tags: Forex tradingUSD/JPY
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