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Sep 19 - 11:55 PM

USD/JPY - Slips After BOJ Leaves Rates Steady As Expected

By Krishna K  —  Sep 19 - 11:15 PM
  • USD/JPY down 0.35 in Asia after trading in a 141.96-142.92 range

  • Eases after BOJ keep rates steady at 0.25%, stays upbeat on economy

  • Central bank says inflation expectations heightening moderately

  • Notes impact of FX volatility on prices; slightly JPY supportive ?

  • Governor Ueda news conference at 3.30 local (0630 GMT) awaited

  • Will be eyed for hints on the timing and pace of future rate hikes

  • Japan core CPI accelerates for 4th month in Aug, raises Oct rate hike hopes

  • Robust U.S. economy and buoyant risk appetite limit dollar downside

  • Diverging Fed-BOJ expectations cap rise; 140.00-145.00 range in the making?

  • Support 141.90-142.00, 141.50-60, resistance 143.00, 143.40-50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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