Yen Slides Further as BOJ Policy Diverges from Global Tightening; Intervention Risks Rise Ahead of Policy Meeting
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USD/JPY is again testing 150 ahead of next week's BOJ meeting, raising chances of intervention amid speculation of potential YCC tweak.
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BOJ's ultra-easy policy contrasts global central bank tightening, pressuring yen. Rising yields may spur BOJ to adjust YCC policy.
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USD/JPY uptrend intact with higher highs/lows. Needs close below 148.75-149.25 for near-term consolidation.
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GBP/JPY sideways recently but broader uptrend intact. Major support at July low of 176.25.
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EUR/JPY at top of 154.00-160.00 range. Uptrend remains as cross holds above 89DMA/Ichimoku cloud support near 154.50.