Currently 120.79 and finding dip demand after BOJ bomb
Order board a bit thin understandably
Offers: 121.00 121.25 121.50 121.75-80 122.00 122.30 122.50
Bids: 120.55-60 120.25 120.00 119.80 119.50 119.25-30 119.00 118.85 118.50
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USDJPY orders 29 Jan
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- In-line CPI report leads to a blockbuster day for US stock markets
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- USD/JPY sent for a spin but now moving higher as BOJ rate hike odds fade
- Brazil's central bank hikes rate to 12.25% (from 11.25% and vs. 12% expected)
- USD/JPY looks to US CPI report to potentially break ping pong range
- BOJ reportedly erring towards keeping interest rates unchanged next week
- USD/JPY back above 153.00
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