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Jun 14 - 11:55 PM

USD/JPY - Holds Gains As Traders Bet On Less Dovish Fed

By Krishna K  —  Jun 14 - 11:13 PM
  • USD/JPY consolidates in Asia after 0.4% Mon rise, trades 110.03-110.15 range

  • Supported by recovery in U.S. yields as Fed vigil commences; 10-year @ 1.49%

  • U.S. consumers expect near-term boost in inflation, labor mkt -NY Fed survey

  • JPY weak on perception BOJ to lag peers in dialing back crisis-mode policies

  • Option expiries slow USD rise,$1 bln 110.00 strikes on Tuesday nL2N2NW08V

  • Resistance 110.15, 110.30-35, support 109.80-85, 109.60; cautiously bullish

  • For more click on FXBUZ


Fed vs. private 2021 GDP outlook Fed vs. private 2021 GDP outlook: Click here

Source:
Refinitiv IFR Research/Market Commentary

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