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May 29 - 07:55 PM

USD/JPY - Bid On Dips As Risk Rallies; Lower US Yields Cap

By Krishna K  —  May 29 - 06:10 PM
  • USD/JPY settles into a broad range of 126.50-128.50, awaits fresh catalysts

  • Supported by risk rally as aggressive Fed rate hike bets scaled back

  • S&P 500 notches best week in 18 months on hopes Fed 'past peak hawkishness'

  • Slowing U.S. economy, falling inflation expectations to cap USD rallies

  • Jobs data for May released this Friday is next major U.S. economic focus

  • Support 126.60-70, 126.35-40, resistance 127.50-60,128.00-10

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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