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Apr 07 - 05:55 PM

USD/JPY - 152.00 Vulnerable, US CPI Wednesday Likely Trigger

By Krishna K  —  Apr 07 - 05:30 PM
  • USD/JPY hovers near 34-year high of 151.975 hit in Mar as Fed rate bets fade

  • Boosted by higher U.S. yields; U.S. 2-yr yield rises 9bps, 10-yr up 7bps Fri

  • Strong U.S. labor market underpins economy in first quarter

  • 'Upside' inflation risks keep Fed officials wary of turn to rate cuts

  • U.S. CPI Wed pivotal, 152.00 may yield on higher than expected inflation

  • Japan verbal intervention, prospect of another BOJ hike may slow USD rally

  • Resistance 151.95-152.00, 152.50, support 151.00-10, 150.75-150.80

  • Friday global range 150.80-151.74

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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