By Krishna Kumar — Dec 29 - 06:12 PM
• USD/JPY stays bid in early Asia after closing unchanged on Friday
• Holds near 5-mth 158.09 high hit on Thursday as US yields stay elevated
• USD has nearly gained 5.5% vs JPY this month and has advanced 11.8% in 2024
• Fed caution on rate cuts, BOJ hesitation to raise rates undermine JPY
• Japan's concerns over a sliding JPY may slow dollar's advance
• Resistance 158.10, 158.80-85, support 157.30-35, 157.00-05
• Friday range 157.35-157.96
Core inflation in Japan's capital rises:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters