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May 01 - 11:55 PM

USD/JPY - Pulls Back Slightly As Focus Shifts To US NFP

By Krishna Kumar  —  May 01 - 09:45 PM

• USD/JPY eases from 145.915 high Friday as traders brace for US jobs data

• Downside likely limited as traders pare bets on further BOJ rate hikes

• US Apr NFP expected +130k, unemployment rate expected to hold steady at 4.2%

• Japan says its $1 trillion in US Treasuries is among tools for trade talks

• China says US eager to negotiate on tariffs, Beijing's door is 'open'

• Daily close above 145.55, 50% retracement of 151.25-139.885 drop bullish

• Resistance 146.00, 146.50, 146.85-90, support 145.00-10, 144.50-60

• Asia range 149.295-149.915
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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