By Krishna K — Aug 06 - 07:00 PM
USD/JPY steadies in early Asia after closing 0.55% lower on Friday
Weighed down by broadly weaker dollar on softer-than-expected jobs number
Undermined by lower U.S. yields; 10-year yield drops 13 bps in New York
Tepid risk appetite likely to cap rallies as focus turns to U.S. CPI on Thu
Fed's Bowman says more U.S. rate hikes likely will be needed
JGB yields key as BOJ makes bold shift with yen risks too big to ignore
Support 141.30-40, resistance 142.25-35, 142.80-90; Fri range 142.90-141.55
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Source:
Refinitiv IFR Research/Market Commentary