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Feb 04 - 07:55 PM

USD/JPY - Buoyant After Fri Surge On Back Of Higher US Yields

By Krishna K  —  Feb 04 - 05:40 PM
  • USD/JPY supported in early Asia after closing 1.3% higher Friday

  • Boosted by a surge in U.S. yields after a blockbuster employment report

  • U.S.10-yr yield jumps 17 bps as Fed rate cut bets pared

  • Chances of 25bps cut in May at 71% on CME Fedwatch tool, down from 96% Fri

  • Hawkish comments from Fed officials support; Powell interview at 7PM ET Sun

  • Fri range 146.25-148.58; resistance 148.70-80, 149.20, support 147.70-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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