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Mar 20 - 11:55 PM

USD/JPY - Stays Bid But Upside Limited

By Krishna Kumar  —  Mar 20 - 10:01 PM

• USD/JPY up 0.25%, buoyed by steady-for-longer Fed but resistances loom

• Upside limited as JP core CPI remains sticky, keeps alive BOJ rate-hike bets

• Trade war uncertainty and risk aversion likely to buoy JPY

• US-Russia talks on Ukraine war in Jeddah on Sunday is a risk event

• Test of initial resistance at 149.15-20 underway, more at 149.40 and 149.70

• Support 148.60, 148.15-20; Asia range 148.585-149.19
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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