By John Noonan — Dec 13 - 07:40 PM
USD/JPY slightly lower from NY close - as JPY firm on crosses
AUD/JPY down around 0.35% early Asia as investors cautious ahead of FOMC
Muted reaction to a glum Tankan survey as mood of big manufacturers worsened nT9N32300V
Tankan non-manufacturing was strong and rose of third straight quarter nT9N32300V
USD/JPY completed a bearish outside day Tuesday - after falling on US CPI nL1N3331LO
Price action drawn to the 200-day MA, which is at 135.37 today
Resistance is at 21-day MA at 138.03 - which has held since early November
USD/JPY likely to consolidate ahead of FOMC decsiion later today
Key will be reaction in US Treasury yields, as USD/JPY sensitive to those moves
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Source:
Refinitiv IFR Research/Market Commentary