USDJPY MARKET SIGNAL :USD/JPY: Bearish momentum intact, next support aligns at 146.80 – OCBC.

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USDJPY MARKET SIGNAL

USDJPY MARKET UPDATE 

USD/JPY to remain elevated while BoJ Governor Kuroda is in charge – Credit Suisse

USDJPY MARKET SIGNAL :Ahead of the Bank of Japan (BoJ) decision, economists at Credit Suisse still expect the USDJPY to trade on a solid foot.

Limited prospect for a major turn in actual BoJ policy before April 2023

 

“In the event that the BoJ was indeed to signal a change in forward guidance, a dip further towards the lower end of our Q4 140-150 target range is possible, but far from a given, given the backdrop of already fairly aggressive market expectations.”

USDJPY MARKET SIGNAL :“We are also sceptical of the view that a minor change in forward guidance would trigger a deeper or longer-lasting correction, given our sanguine view on Fed tightening and the still limited prospect for a major turn in actual BoJ policy before the end of Governor Kuroda’s term, in April 2023.”

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