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May 05 - 08:55 PM

USD/JPY - Drifts Higher After Bounce From Support Near 152.00

By Krishna K  —  May 05 - 07:25 PM
  • USD/JPY up 0.15% early as light demand surfaces after last week's sharp drop

  • Traders cautious on Bloomberg report Yellen counsels caution on intervention

  • Japan may need to smooth excessive yen moves says finmin Suzuki on Friday

  • Upside limited; softer-than-expected jobs data revives Fed rate expectations

  • Japan holiday Mon; traders wary as MOF intervened in thin markets last week

  • Support 152.20-30, 151.75, 61.8% of Mar-May rally

  • Resistance 153.40-50, 153.80-90; range Fri 153.75-151.86, Mon 152.75-153.26

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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