Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 10 - 10:55 PM

USD/JPY - Cautiously Bid As Risk Events Loom; Downside Limited

By Krishna K  —  Jun 10 - 08:10 PM
  • USD/JPY likely to remain well supported after closing 0.2% higher Monday

  • Supported by elevated U.S. yields as Fed rate cut optimism wanes

  • Trading likely to remain cautious ahead of key risk events this week

  • Fed rate decision and U.S. CPI Wed, BOJ rate decision Friday loom

  • BOJ's tapering plan which is to be key topic at June 13-14 meeting awaited

  • JGB yields watched; 10-yr yield jumps 4.5bps Mon, biggest rise in two months

  • Resistance 157.20, 157.50, 157.70, May 29 high; support 156.50, 156.10-20

  • Monday range 156.60-157.19

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!