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Nov 03 - 05:55 PM

USD/JPY - Dip Buyers Prevail As US Yields Shoot Higher

By Krishna K  —  Nov 03 - 05:30 PM
  • USD/JPY gains 0.25% Thu as US yields shoot higher after hawkish Powell

  • US 2-yr note +11 bps; Fed expected to hold rates at higher level for longer

  • Expectations for Fed terminal rate rise to 5.147% in June 2023nL1N31Z25P

  • USD dips sought on Fed-BoJ policy divergence, intervention fear caps rally

  • US Oct jobs report eyed Fri; 200k new jobs, 3.6% unemployment rate expected

  • US labor market unwavering despite stiff interest rates hikes nL1N31Z156

  • Resistance 148.45-50, 148.90-149.00, support 147.60-65, 147.10-20

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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