By Krishna K — Aug 18 - 11:40 PM
USD/JPY down 0.5% in Asia after early rally runs into sellers above 148.00
Declines rapidly from 148.05 day high on dovish comments from Fed officials
Weekend comments from Fed's Daly and Goolsbee point to imminent Fed easing
Powell speaks on economic outlook Fri, likely to endorse Sep rate cut
Japan July inflation data on Fri key, may show inflation likely picked up
May support another near-term BOJ hike as Japan's economy rebounds strongly
Near one-way slide to 146.68 low eventuates; initial support 146.45-50
Stronger support at 146.00-10; Resistance 147.40-50
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Source:
Refinitiv IFR Research/Market Commentary