By Krishna K — Jan 22 - 05:50 PM
USD/JPY supported in early Asia; Fri range 128.35-130.62, closed 0.9% higher
Boosted by Governor Kuroda's reiteration to keep monetary policy ultra-loose
Higher U.S. yields, lower JGB yields weaken JPY as Fed-BOJ policies diverge
Bank of Japan's grit chills bond bears; traders cover short JGB positions
Fed Jan. 31-Feb. 1 policy meeting eyed as Fed officials remain hawkish
Japan's Kishida says he will nominate new BOJ head next month
Support 129.40-45, 129.10-15, 128.70-75; resistance 130.00-05, 130.60-65
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary