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BOJ governor race and YCC capitulation views - Citi

Citi discusses USD/JPY outlook amid the BoJ Governor nomination and maintains a strategic bearish bias over the coming months, but sees a scope for further upside in the near-term.

"JPY is down, with YCC capitulation views continuing. We remind that Kazuo Ueda’s emergence will likely be little different from Amamiya," Citi notes. "However, a slower dismantling of YCC could mean some upside for USDJPY, though with BoJ's proven ability to shock, markets will still lean into hawkish... Read More

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Posted: Feb 13 2023, 16:43

Author Name: forexlive

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