By Krishna K — Nov 27 - 10:15 PM
USD/JPY up 0.2% in Asia, pares losses on profit taking after sharp drop Wed
Recovery likely to be limited by global trade and tariff concerns
Lower U.S. yields, heightened expectations of Fed Dec rate cut cap gains
Dec cut chances at 66% on CME Fed watch, was as low as 52 earlier this week
Rising expectations of BOJ December rate hike will continue to support JPY
Markets thin due to U.S. holiday Thu may exacerbate volatility;
Asia range 150.94-151.58; support 151.00, 150.50, res 151.80, 152.00, 152.50
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Source:
London Stock Exchange Group | Thomson Reuters