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Sep 19 - 07:55 PM

USD/JPY - Choppy And Rangebound Into Japan CPI, BOJ

By Krishna K  —  Sep 19 - 07:25 PM
  • USD/JPY consolidates in choppy trading as traders brace for key risk events

  • Downside limited by higher U.S. yields as positive data surprises continue

  • Risk rally, robust U.S. economy support; diverging Fed-BOJ expectations cap

  • BOJ to keep policy steadyon Friday, signal more rate hikes to come

  • Japan August CPI Fri, seen accelerating, boosting case for BOJ rate hike

  • Support 142.50, 142.00-10, resistance 143.40-50, 143.80-90

  • Thursday range 141.895-143.95; Asia Friday range 142.55-142.815

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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