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Jun 09 - 09:55 PM

USD/JPY - Boosted By Robust US Economy, Higher US Yields

By Krishna K  —  Jun 09 - 08:40 PM
  • USD/JPY stays bid in Asia after closing 0.7% higher on Friday

  • Boosted by strong U.S. jobs report and deflated Fed rate cut optimism

  • Trading likely to remain cautious ahead of key risk events this week

  • Fed rate decision and U.S. CPI Wed, BOJ rate decision Friday loom

  • BOJ may drop clues on bond tapering plan, sources say

  • EUR/JPY down 0.1% in Asia, extends Fri fall on EU elections fallout

  • Far-right advances in EU election, France calls snap national vote

  • Japan's Q1 GDP fell less than first reported on revised capex

  • Resistance 157.10-20, 157.50, support 156.50, 156.10-20

  • Friday range 155.125-157.07; Asia Monday range 156.60-156.945

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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