By Krishna K — Nov 27 - 05:45 PM
USD/JPY on the defensive in Asia after closing 1.3% lower on Thursday
Undermined by lower U.S. yields on global economic and trade concerns
Weak Europe consumer sentiment surveys, Trump tariff threats weigh on yields
As expected U.S. data allays inflation concerns, raise Fed Dec rate cut odds
Rising expectations of BOJ December rate hike boost JPY
U.S. holiday Thursday may exacerbate volatility; Wed range 150.45-153.22
Support 150.45-50, 150.00-20, resistance 151.40-50, 151.90-152.00, 152.50
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Source:
Refinitiv IFR Research/Market Commentary