03/22/2022 01:55

Release： 03/22/2022 01:55

Update： 03/22/2022 01:55

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(FX) Breakthrough to 120 yen for USD/JPY on 3/22 — what’s the next move?

The dollar-yen pair has climbed above the 120 yen level.

With strong momentum and the timing being in this time window,

it is probably due to speculative traders at this stage, I would guess.

Also, Powell's remarks yesterday did not rule out the possibility of a 0.5% rate hike, which may have been a factor in dollar buying, so it's a difficult judgment, but

I will explain how it might move in the future!

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