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USD/JPY: strong move on the cards? – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The research team at BBH has assessed the recent consolidative pattern in USD/JPY.

    Key Quotes

    “The dollar recorded its highs against the yen four months ago near JPY125.40”.

    “On August 24, it crashed to around JPY116.20 and has been in a new range since between JPY118.60 and JPY121.60”.

    “The implied volatility (three-month) fell below 9.2% before the weekend, the lowest level in two months. While we suspect the coil may continue in the near-term, it is setting the stage for a potentially powerful move”.

    “Nevertheless, our analysis leads us to conclude that this is a market correction, not a reversal of the underlying trends”.
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