By Robert Fullem — Nov 08 - 03:00 PM
USD/JPY settles near midpoint of 152.14 to 153.365 trading range on EBS as long-term Treasury yields ease
Looks to close Friday just above its weekly cloud top of 152.41
Converging 21-DMA and 200-DMA at 151.68 offers strong support ahead of the Nov. 6 low of 151.30
Resistance includes a prior double-top near 153.88 and week's high of 154.715.
Government coalition negotiations over the weekend may impact pair on Monday before session of Parliament
BOJ to release Summary of Opinions for the Oct. meeting and Governor Ueda to speak on climate change Monday
US CPI and Fed speakers are also on next week's docket
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Source:
Refinitiv IFR Research/Market Commentary