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Nov 27 - 07:55 PM

USD/JPY - Hit Hard By Global Trade Concerns, Lower US Yields

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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