By Krishna K — Jan 12 - 05:45 PM
USD/JPY declines 2.4% Thursday, hits more than 6-mth high on BOJ speculation
Traders increasingly optimistic that BOJ will let yields rise further
Softer U.S. CPI fuels bets Fed will slow rate hikes pace, boosts JPY further
U.S consumer prices fall in Dec for the first time in more than 2-1/2 years
U.S. yields drop sharply; USD falls to 128.85 low from 132.43 day high
Fed policymakers signal rate-hike slowdown coming, but no easing
Support 128.65-128.85, 127.25-30, resistance 129.90-130.00, 130.70-80
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Source:
Refinitiv IFR Research/Market Commentary