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Jun 10 - 01:55 AM

USD/JPY - Rally Extends As US Yields Hold Friday Gains

By Krishna K  —  Jun 09 - 11:50 PM
  • USD/JPY up 0.25% in Asia as U.S. yields stay firm on Fed rate rethink

  • Rallied from the outset, traded in a 156.60-157.185 range

  • Boosted by strong U.S. jobs report and deflated Fed rate cut optimism

  • Fed rate decision, U.S. CPI Wed, BOJ rate decision Friday key risk events

  • BOJ's tapering plan to be key topic at June 13-14 meeting

  • Japan Q1 GDP fell less than first reported on revised capex, taken in stride

  • Resistance 157.20, 157.50, 157.70, May 29 high; support 156.50, 156.10-20

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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