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Oct 25 - 07:55 PM

USD/JPY - Bid Early But Lower US Yields, Intervention Fears To Cap

By Krishna K  —  Oct 25 - 06:20 PM
  • USD/JPY recovers slightly after 0.7% drop Tuesday on weakening US data

  • US yields slide on expectations of slower pace of future rate hikes, weigh

  • Constant threat of Japan intervention limits USD upside

  • Japan sees no contradiction in BOJ easing & govt FX interventionnL1N31Q01Y

  • BOJ rate decision Fri, c.bank seen keeping ultra-low rates nL4N31P0J5

  • Resistance 148.50-60, 148.90-149.00, support 147.90-148.00, 147.50-60

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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