By Krishna K — Nov 20 - 05:40 PM
USD/JPY offered in early Asia after declining 0.8% Monday
Undermined by expectations that U.S. interest rates have peaked
Bets that Fed could start cutting rates in 2024 solidify
U.S. treasury yields slip after successful 20-year auction, weigh on dollar
Minutes of Fed Oct 31-Nov 1 meeting due Tue, may offer more clues on policy
Support 148.00-10, 147.30, resistance 148.90-149.00; Mon range 149.99-148.10
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Source:
Refinitiv IFR Research/Market Commentary