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Nov 07 - 05:55 PM

USD/JPY - Consolidates With A Downward Bias As Risk Events Loom

By Krishna K  —  Nov 07 - 05:20 PM
  • USD/JPY closes unchanged Monday after failing to sustain early rise in Asia

  • Consolidates in 147.55 to 146.095 range ahead of upcoming risk events

  • Broad 145.00-150.00 range to persist as traders await fresh catalysts

  • US midterm election Tue may result in a Republican-controlled Congress

  • US CPI Thursday, likely to show inflation remains high nL1N31Z25C

  • Fed pivot optimism and hopes China may ease COVID restrictions weigh on USD

  • Support 146.30-35, 145.90-146.00, resistance 147.40-50, 148.00-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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