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Forex News USD/JPY: A Sustainable Break Above 114 Key? Where To Target? - NAB

P

Peter

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NAB FX Strategy Research discusses USD/JPY outlook, arguing that while Abe’s election win has opened the door for USD/JPY to trade comfortably above 113, a sustainable move above 114 still requires 10y UST yields moving into a higher trading range with a BoJ firmly committed to its Yield Curve Control (YCC).

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