By Krishna K — Feb 27 - 04:55 PM
USD/JPY set for consolidation in Asia after 0.2% fall Mon on profit-taking
Slightly lower U.S. yields and position adjustments ahead of month-end weigh
Downside limited as fears of higher U.S. interest rates remain entrenched
Tight U.S. jobs market, strong consumer spending, sticky inflation support
Fed's Jefferson: "No illusion" inflation fight will be quick
Fed-BOJ policy divergence undermine JPY; incoming BOJ governor Ueda dovish
Resistance 136.66, 38.2% of Oct-Jan drop; 100- & 200-day MAs at 137.08/14
Support 135.85-90, 135.40-50; Monday range 136.58-135.91
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Source:
Refinitiv IFR Research/Market Commentary