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Nov 28 - 10:55 PM

USD/JPY - Slides As Supports Yield; 150.00 Holds But Vulnerable

By Krishna K  —  Nov 28 - 08:40 PM
  • USD/JPY -0.9% Friday, selling accelerates on BOJ Dec rate hike expectation

  • Slices thru 150.45 Wed low, breaks 150.20, 38.2% of SeP-Nov rally

  • One-way fall to 150.00 from 151.53 high on higher-than-expected Tokyo CPI

  • Probability of 25 bps Dec rate hike rises to 60% on sticky Japan inflation

  • Decline exacerbated by thin market due to U.S. holiday Thursday

  • Support 149.96-150.00, 55-day MA and psychological

  • Resistance 150.45-50, 150.90-151.00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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