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Jul 10 - 07:55 PM

USD/JPY - Bid Early; Japan Election Outcome Taken In Stride

By Krishna K  —  Jul 10 - 05:50 PM
  • USD/JPY well supported as markets in Asia react to robust U.S. jobs data Fri

  • Boosted by elevated U.S. yields as traders bet on bigger Fed rate hikes

  • U.S. CPI Wed key this week as it will further shape Fed expectations

  • Japan's ruling coalition makes strong election showing after Abe murder

  • Outcome was expected and is unlikely to influence trading nL1N2YR011

  • Death of Abenomics father may give Japan scope to curb stimulus nL4N2YP27Y

  • Resistance 136.50-60, 137.00, support 135.50-55, 135.25-30

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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