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Dec 29 - 04:55 PM

USD/JPY - Supported Just Below 133 As Longs Lighten Into Year-End

By Paul Spirgel  —  Dec 29 - 01:40 PM

  • USD/JPY dips into NorAm close -1.1% at 132.97, Thursday range 134.41-132.91

  • Diverging US-JP rate expectations weigh on USD/JPY

  • US cont claims rise hints Fed hike may be slowing employment, UST yld lwr

  • Talk of BoJ rate normalization post-YCC tweak capping USD gains

  • Despite China reopening, rising China COVID cases may temper global growth

  • Res at 10-DMA by 133.69, Thurs high 134.41, 21-DMA 135.08

  • Supt Thurs low 132.91, 132.40 72.4% of 126.37-151.94, lwr 21d Bolli 131.24

  • Next wk's ISM mfg, JOLTS and jobs data key for Fed pricing, USD/JPY rebound

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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