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Dec 10 - 09:55 PM

USD/JPY - Touch Softer; Japan PPI Turns Focus To BOJ Dec Hike

By Krishna K  —  Dec 10 - 07:10 PM
  • USD/JPY down 0.1% in Asia after closing 0.5% higher Tuesday

  • Higher-than-expected Japan PPI brings Dec rate hike back in play

  • Japan Nov wholesale prices rise 3.7 pct yr/yr vs. 3.4% forecast

  • BOJ is holding cards close to its chest on December rate hike

  • Higher U.S. yields ahead of U.S. inflation data this week underpin USD

  • CPI on Wed, PPI Thu, will be watched for signs of any pick up in inflation

  • Higher than expected inflation could derail expected Fed cut next week

  • Resistance 152.20, 152.61, 21-day MA; support 151.40-50, 151.00-10

  • Tuesday range 150.90-152.18

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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