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Reflections #2 - USDJPY runs out of steam above 140 and likely to re-test 137.70



4 commentaires


Alexander Nagel
Alexander Nagel
07 juin 2023


J'aime

Alexander Nagel
Alexander Nagel
07 juin 2023

USDJPY is highly correlated to US rates, right now about fairly valued (vs US5Y)



J'aime

In which case I could see USDJPY testing 142 first before the move lower


J'aime

Tend to think front-end US rates have consolidated for a few days and will shortly begin the next leg higher. Maybe in response to Fed signalling a pause but then a hike in July

J'aime
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