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Jan 13 - 06:55 AM

USD/JPY - Has Suffered A Setback As Uncertainty Reigns

By Martin Miller  —  Jan 13 - 04:36 AM

• Uncertainty encourages repatriation, choppy in Asia

• Stocks tumble as traders cast doubt on 2025 rate cut

• In times of uncertainty, funds usually flow into the safe-haven yen

• USD/JPY has dropped from 157.96 to 157.17, on Monday, EBS data shows

• Recall it peaked at 158.88, on Friday, the highest level since July

• USD/JPY's technical bias remains on the upside, however

• 30 and 60-day correlations between USD/JPY and EUR/JPY remains above +0.50

Daily Chart:


(Martin Miller is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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