By Krishna K — Dec 01 - 06:15 PM
USD/JPY offered in early Asia after closing 1.2% lower Friday
Undermined by rising expectations of a BOJ December rate hike
Faster-than-expected Tokyo inflation, BOJ Ueda's remarks spur rate hike bets
BOJ's Ueda says wage trends key to possible rate hikes, Nikkei reports
Lower U.S. yields, safe haven demand on global trade fears fuel JPY demand
Pair closes below 55-day MA for 1st time since Oct 2 in bearish sign
Open prospect of a drop to 148.17; initial support 149.00-10
Resistance 150.00-10, 150.45-50; range Fri 149.47-151.53, Mon 149.52-149.77
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Source:
London Stock Exchange Group | Thomson Reuters