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USD/JPY Above Friday Highs On Unscheduled BoJ Repo Op

JPY

USD/JPY has pushed above Friday highs in recent dealings. We last tracked near 149.30/35, nearly 0.20% weaker in yen terms for the session. Headlines of an unscheduled repo operation by the BoJ has coincided with fresh yen weakness. JGB futures have ticked higher, albeit while remaining within recent ranges.

  • For USD/JPY we are above all the key EMs. The Mar 6 high at 150.08 is the next potential upside target. The 20-day EMA is back near 148.80.

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