USD/JPY has remained bid on any dip. Its still sitting under 155 and the picture ahead has: large option barriers at 155.00, large stop loss buyers resting above there Traders are cautious of intervention around 155, it's the latest (in a long list) of 'lines in the sand'. Japan's Ministry of Finance remains very aware that US / Japan rate differentials are a key fundamental driver and these show little sign of changing any time soon. Ahead this week are key events:the Bank of Japan meeting (statement due Friday) US data Thursday and Friday, GDP then PCEIts unlikely the BoJ will have much to say to halt the rise of USD/JPY, but the US data may offer respite (lower GDP &/or PCE inflation). Re
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