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Aug 30 - 07:55 PM

USD/JPY - Pares Losses After Abe Shock; Suga Enters PM Race

By Krishna K  —  Aug 30 - 06:40 PM
  • USD/JPY pares losses in early Asia on perception Friday drop overdone

  • 105.37-105.80 range seen Mon after 1.6% Fri fall to 105.20 from 106.94 high

  • Japan's Suga hopes to succeed PM Abe, race heats up - media nL4N2FW01F

  • A Suga government would continue fiscal, monetary stimulus

  • Lower-for-longer U.S. interest rates view to weigh on USD nL1N2FT1NF

  • Nikkei moves, PM speculation to dictate moves in Asia; China offl PMI eyed

  • Support 105.40, 105.10-20, resistance 105.85-90, 106.25-30

  • For more click on FXBUZ


Japanese markets react to Abe resignation: Click here

Source:
Refinitiv IFR Research/Market Commentary

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