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Dec 11 - 10:55 PM

USD/JPY - Eases, Key Rate Meetings Next Week Induces Caution

By Krishna K  —  Dec 11 - 10:10 PM
  • USD/JPY -0.15% in Asia drifts lower from 152.45 to 151.96 before stabilizing

  • Caution sets in as BOJ, Fed rate meetings loom next week

  • Japan inflation keeps BOJ Dec hike in play, probability at 25% 0#JPYIRPR

  • EXPLAINER- How likely is a Bank of Japan rate hike next week?

  • Markets price in a 97% chance the Fed will cut rates by 25 bps next week

  • Diverging rate expectations likely to limit USD rallies

  • Support 151.90-152.00, 151.50, resistance 152.70-80, 153.20

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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