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Dec 24 - 04:55 PM

USD/JPY - Holds In Tight Range Awaiting Japan Data, Ueda

By Robert Fullem  —  Dec 24 - 02:10 PM
  • USD/JPY posts a modest gain Tuesday as Trsy yields, US shares climb

  • A 1.3% rise in oil and surge in US nat gas also supports pair

  • On pace to close near top of tight 156.90-157.41 daily range on EBS

  • Momentum favors bulls though currently forming doji beneath 158

  • Nov. services PPI in Japan, BOJ chief Ueda upcoming on Wednesday

  • Move above 158 may be met with more offical warnings about yen weakness

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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