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If USD/JPY falls in a forest, will anyone hear it?

If USD/JPY falls in a forest, will anyone hear it?
It's all hanging on a thread at the moment but Treasury yields have come off a tad with US 10s down to 4.71% from a high of 4.75%. That hasn't done much for USD/JPY, which is at 149.90 after a high of 149.98.The question is: What happens if 150 breaks? It's possible that the Japanese MOF brings the hammer and that would kick off a wave of follow-on trades and stops that could cascade lower. I would think the dip would be bough in the 148.50 range because the fundamentals are still there for a hi... Read More
Posted: Oct 3 2023, 13:07
Author Name: forexlive
Views: 082934

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