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Jan 09 - 05:55 PM

USD/JPY - Consolidates Ahead Of Key Tokyo Inflation Data

By Krishna K  —  Jan 09 - 05:15 PM
  • USD/JPY consolidates after sharp post-NFP drop on smaller Fed hikes bets

  • Closes 0.17% lower Monday after trading in a 132.68-131.31 range

  • Upside capped by declining U.S. yields as traders bet on a Fed pivot

  • Caution ahead of Powell speech Tuesday limits downside

  • U.S. CPI Thursday key this week, will determine size of next Fed rate hike

  • Tokyo inflation data Tue eyed, may trigger a further BOJ hawkish shift

  • Support 131.30-40, 130.75-80, resistance 132.30, 132.60-70

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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