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
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Source:
London Stock Exchange Group | Thomson Reuters