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Apr 14 - 08:55 PM

USD/JPY - Stays Bid, Not Much Reaction To Iran-Israel Tensions

By Krishna K  —  Apr 14 - 07:05 PM
  • USD/JPY unchanged in Asia, traders mull news of Iran drone strikes on Israel

  • Early drop to 152.93 from New York's 153.27 close attracts bargain hunters

  • USD likely to remain bid on dips as U.S. yields stay elevated

  • Sticky U.S. inflation, higher-for-longer Fed rate expectations support

  • U.S.10-yr Treasury futures down slightly in early Asia, implied yield 4.51%

  • Japan core CPI to slow slightly, but cost-push pressures drag on consumption

  • Stock market reaction to dictate direction in Asia; Fri range 153.39-152.60

  • Asia Monday range 152.93-153.27; watch out for Japan verbal intervention

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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