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Jan 08 - 11:55 PM

USD/JPY - Decline Extends As Traders Bet On Smaller Fed Hikes

By Krishna K  —  Jan 08 - 09:55 PM
  • USD/JPY down 0.5% in Asia as traders bet on smaller Fed rate hikes

  • Bearish sentiment persists after Fri slide, early recovery to 132.28 sold

  • Ratchet to 131.35 low ensues in holiday thinned markets; Japan closed Mon

  • 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

  • Japan PM Kishida vows to debate govt, BOJ roles with new central bank head

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

  • Related nL1N33T007nFWN33R2EWnL1N33Q05N

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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