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Feb 05 - 05:55 PM

USD/JPY - Gaps Higher On News Amamiya Sounded Out As BOJ Gov

By Krishna K  —  Feb 05 - 04:00 PM
  • USD/JPY rallies 1% in Asia, gaps higher to 132.20 from Friday 131.20 close

  • Up on Nikkei report Japan govt sounded out Amamiya on becoming BOJ governor

  • Amamiya was seen by markets as top contender to take over as next governor

  • Also regarded as more dovish than other choices; initial reaction overdone?

  • "Monster" U.S. jobs report had already set stage for USD rally

  • Hawkish comments from Fed's Daly in late NYK trading provides further boost

  • Asia range 132.00-132.49; Friday global range 128.34-131.20

  • Resistance 133.00-05, 133.30 (55-DMA); support 131.90-132.00, 131.20-30

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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