By Robert Fullem — Dec 20 - 02:30 PM
USD/JPY slides amid a broadly weaker USD after soft Nov. PCE, Fed comments
The PCE price index and consumption missed forecasts
Fed officials expect 2025 rate cuts if inflation permits
Pair hovers near bottom of 155.97-157.93 day's range
Pulls back from upper Bollinger, overbought RSI position
Crosses are slightly lower even as US shares rise, vols ease
Support lies at Nov. 20 high of 155.86 ahead of 154.70-155 pivot zone
Resistance at 157.99 May 1 high, seen before BOJ intervention, and 158.445 26 April high
Next week includes BOJ minutes, Ueda speech and Tokyo CPI
For more click on FXBUZ
Source:
London Stock Exchange Group | Thomson Reuters