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Feb 11 - 05:55 PM

USD/JPY - Stays Bid As US Yields Stay Elevated

By Krishna K  —  Feb 11 - 04:40 PM
  • USD/JPY well bid in early Asia after rising to a 10-week high of 149.57 Fri

  • Supported by higher U.S. yields; 2-year yields rises to highest since Dec 13

  • Traders await key U.S. inflation data Tue, pivotal for Fed rate expectations

  • Mixed U.S. consumer price revisions leave slowing inflation trend intact

  • Dovish BOJ comments continue to weigh on JPY; traders dial back hawkish bets

  • Holiday in many Asian centres may dampen activity; Japan markets closed Mon

  • Fri range 149.01-149.57; resistance 149.60, 150.00,support 149.00, 148.50-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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