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TDUX
Sep 24 - 10:55 PM
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USD/JPY - Rises With US Yields; Japan Faces Uphill Battle On Yen

By Krishna Kumar  —  Sep 24 - 08:54 PM

• USD/JPY to remain bid on dips after closing 0.35% higher on Thursday

• Boosted by higher US long-term yields; 30-year touches highest since 2004

• Supported by robust US economy, high energy prices, inflation concerns

• Hawkish comments from Fed officials raise rate expectations, weigh on JPY

• Tokyo intervention resolve to face further tests as BOJ seen lagging Fed

• Resistance 159.00-05 followed by 159.50-60, 159.75, 160.00

• Support 158.40-50, 158.00-10; Thu range 157.80-159.03, Asia 158.685-158.89
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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