By Randolph Donney — Apr 10 - 07:35 AM
USD/JPY's is near Mon's 132.80 post-NFP rally peak by the 55-DMA
Renewed gains as new BoJ Gov Kazuo Ueda hints at policy changes coming
Ueda signals no quick shift in policy, but sees progress on inflation goal
Main USD/JPY driver of rebound was rise in Tsy yields after decent jobs data
Prices now well above the 21-DMA at 132.20 with Mon's 132.80 EBS high
A close above there and nearby cloud base at 132.16 would be bullish
Yen broadly weaker after Ueda's hints at coming normalization
The 55-DMA at 132.91 is the nearby hurdle, then the 100-DMA at 133.40
The macro and Fed policy focus is Wednesday's US CPI
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Source:
Refinitiv IFR Research/Market Commentary