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
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Source:
Refinitiv IFR Research/Market Commentary