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May 25 - 08:55 PM

USD/JPY - Holds Its Ground Despite Lower US Yields

By Krishna K  —  May 25 - 06:40 PM
  • USD/JPY opens unchanged despite falling U.S. yields; 10-year yield down 5bps

  • Supported by expectations of stronger U.S. economic data; core PCE Fri eyed

  • Underpinned by month-end FX hedge rebalancing expectations nL2N2NB0KW

  • Persistently dovish Fed and waning fears of a jump in inflation cap rallies

  • Japan PM fine-tunes spending plans as way out of COVID-19 slumpnL2N2NC0P4

  • Support 108.55-60, 108.30-35, resistance 109.05-10, 109.30-35

  • For more click on FXBUZ


Japanese shares: Click here

Source:
Refinitiv IFR Research/Market Commentary

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