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Apr 07 - 07:55 PM

USD/JPY - 124.20-30 Resistance Eyed As L/T US Yields Move Up

By Krishna K  —  Apr 07 - 06:25 PM
  • USD/JPY consolidates in a well supported range of 123.46-124.00 Thursday

  • Supported by rising l/t U.S. yields; 10-yr yield rises to 2.6730%, 3-yr high

  • Focus on Fed balance sheet runoff, Bullard comments underpin USDnL2N2W51HX

  • Fed's Bostic, Evans back rate rises with dovish overtones nL2N2W52O4

  • Growing perception Japan not averse to weak JPY undermines JPY nL2N2W502T

  • Above 124.30 opens test of 125.00-10; supports 123.45-50, 123.10-20

  • For more click on FXBUZ


Quantitative tightening and rate hikes: Click here

Source:
Refinitiv IFR Research/Market Commentary

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