By John Noonan — Dec 18 - 05:45 PM
USD/JPY edging back above 136.00 after trading down to 135.80 early Asia
Fall was sparked by report BOJ agreement on inflation target to be revised nL1N33704J
The timing of any changes to make target more flexible unlikely before April
Talk of stops below 136.00 in thin market added to the early pressure
Support at the 200-day MA at 135.66 held on the early attempt lower
Resistance is at Friday's 136.29 low and NY Friday close at 136.73
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary