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Nov 20 - 07:55 PM

USD/JPY - Under Pressure As Fed Rate Views Crystallise

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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