By Krishna K — Sep 15 - 08:00 PM
USD/JPY offered in Asia after closing down 0.6% on Fri, hit a near 9-mth low
Rising expectations of 50bps Fed cut this week, lower U.S. yields weigh
U.S. rate futures market price in 45% probability of a 50 bps cut on Sep 18
This is up sharply from about 15% early on Thursday, undermining USD
Fed, BOJ rate decisions key this week; markets in Japan closed Monday
BOJ to hike rates by year-end, say majority of analysts; no Sep change seen
Japan's PM hopeful Takaichi warns BOJ against raising rates
Support @ 140.49, 61.8% of 2023-2024 rally eroded; 140.27 is Dec 2023 low
Psychological support at 140.00; resistance 141.67-141.75, previous lows
Friday range 141.88-140.285, Asia Monday range 140.89-140.465
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary