By Robert Fullem — May 07 - 02:57 PM
• USD/JPY sets new day's high after Fed Chair Powell comments
• Trsy 2-yr yields firm once Powell says cant be preemeptive on policy
• Follows comments reiterating a wait-and-see approach; notes tariff impact
• FOMC left rates unched, said uncertainty has increased
• Pair starts settling back in 142.45-143.78 days range
• Supp: 143.25 21-DMA, 141.97 April 29 low; 141.68, April 22 high
• Resist: 143.94 conversion line; 144.03 April 25 high
• AUD/JPY is lower as sliding commods, shares weigh
Yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters