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Sep 29 - 09:55 PM

USD/JPY - Up On Ishiba's Dovish Monetary Policy Remarks

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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