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Sep 22 - 09:55 PM

USD/JPY - Bears Cautious After Friday Rally, Ueda Caution

By Krishna K  —  Sep 22 - 07:40 PM
  • USD/JPY well supported in Asia after closing 0.87% higher Friday

  • Boosted by short-covering following Ueda's less hawkish tone on rates

  • Robust US economy supports but diverging Fed-BOJ expectations will cap rally

  • Japan top FX diplomat says watching for any build-up of yen carry trades-NHK

  • Ueda speech Tuesday, U.S. PCE Price Index Friday key this week

  • Japan's ruling party leadership race Sep 27 also keenly watched

  • Resistance 144.50, 145.00, 145.40, support 143.50, 142.90-143.00

  • Japan markets closed Monday; Friday range 141.74-144.50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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