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Dec 13 - 08:55 PM

USD/JPY - Eases Slightly After Muted Reaction To Tankan Survey

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

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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