By Krishna K — Sep 29 - 08:05 PM
USD/JPY rallies 0.45% in Asia on Japan's incoming PM Ishiba weekend comments
Ishiba says monetary policy must stay loose given current economic situation
Had earlier been a vocal critic of the BOJ's past aggressive monetary easing
JPY had closed 1.8% higher Fri, strengthening after news of Ishiba's win
Ishiba opts for continuity in cabinet picks, eyes snap election
Latest US inflation data boosts case for more big Fed rate cuts, will cap
Focus turns to Powell speech later Mon; Asia range 142.04-142.89
Fri range 146.495-142.07; resistance 143.40-50, support 142.00-10
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Source:
Refinitiv IFR Research/Market Commentary