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Oct 02 - 11:55 PM

USD/JPY - Holds Below 145.00 On Japan "Decisive Steps" Warning

By Krishna K  —  Oct 02 - 10:05 PM
  • USD/JPY consolidates in a well supported 144.50-144.89 range Monday

  • Rally capped as Japan's finmin says ready to take 'decisive' steps on yen

  • Japan spent record of nearly $20 bln on intervention to support yen

  • Can use sizable 135.5 bln held in deposits with foreign c.banks nL1N3110NP

  • Japan's business mood worsens as cost hikes bite - BOJ tankan nL4N3110L2

  • Buoyant US yields, Fed's determined inflation fight to limit downside

  • Resistance 144.90-145.00, 145.50, support 144.50, 143.90-144.00

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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