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
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Source:
Refinitiv IFR Research/Market Commentary