By Krishna K — Nov 27 - 07:40 PM
USD/JPY up 0.25% Thu on bargain hunting, short-covering after sharp fall Wed
Upside limited by global trade and tariff concerns, lower U.S. yields
U.S. inflation sticky but does not preclude Dec Fed rate cut, will cap USD
Dec cut chances at 66% on CME Fed watch, was as low as 52 earlier this week
Rising expectations of BOJ December rate hike will continue to support JPY
U.S. holiday Thursday may exacerbate volatility; Asia range 150.94-151.58
Support 151.00, 150.45-50, resistance 151.80, 152.00, 152.50
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Source:
Refinitiv IFR Research/Market Commentary