By Krishna K — Dec 18 - 06:05 PM
USD/JPY steady in early Asia after closing 0.8% higher on Wednesday
Boosted by higher U.S. yields as uber-hawkish Fed surprises markets
Fed cuts rates 25 bps, signals slower pace of future cuts, firmer inflation
Pencils in fewer cuts in 2025, just two 25 bps rate cuts from 4 previously
U.S. 10-yr yield up 14 bps, 2-yr +12 bps; BOJ rate decision key Thursday
BOJ may be forced to raise rates to soften impact on JPY from hawkish Fed
Majority of economists expect BOJ to keep rates steady at 0.25%
Over 90% of market players expect BOJ to keep rates steady Thu, survey shows
Resistance 154.85, 76.4% of 156.76-148.65 drop, 155.40-50, 155.90-156.00
Support 154.10-20, 153.40-50; Wednesday range 153.33-154.87
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Source:
London Stock Exchange Group | Thomson Reuters