USD/JPY to extend its fall toward 127.47/27 – Credit Suisse USDJPY Banks BOJ
USD/JPY has established a major peaktweak to their Yield Curve Control framework should further reinforce the likelihood for continued weakness into Q1 2023 and reinforce the view that we have seen a major peak in USD/JPY in 2022.”
“Should weakness extend directly below 127.27 and key price support at 126.36, we would see scope for the sell-off to extend to the 61.8% retracement of the 2021/2022 uptrend at 121.44.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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