By Krishna K — Aug 18 - 07:40 PM
USD/JPY +0.3% in Asia, regains some ground after closing 1.1% lower Fri
Upside likely limited as Fed officials prepare markets for Sep rate cut
Powell may signal that Fed easing is imminent at Aug 23 Jackson Hole speech
Japan July inflation data on Fri key, may show inflation likely picked up
Will support another near BOJ rate hike as Japan's economy rebounds strongly
CFTC data shows that speculators now 'long' JPY, 1st time since March 2021
Japan parliament to hold Aug 23 special session on BOJ rate hike -sources
Japanese flows and yen show markets recovering from BOJ scare
Support 147.50-60, 147.00-10, resistance 148.50, 148.30-40, 148.90-149.00
Friday range 149.32-147.58; Monday Asia range 147.59-148.00
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Source:
Refinitiv IFR Research/Market Commentary