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Nov 24 - 07:55 PM

USD/JPY - Downside Pressure Persists But Key Support Close

By Krishna K  —  Nov 24 - 05:40 PM
  • USD/JPY under pressure in early Asia after closing 0.7% lower Thursday

  • Weighed down by prospect of slower and smaller Fed rate hikesnL4N32J36J

  • String of weak US economic data starts to undermine USD nL1N32J2PY

  • Decline may slow as global economic slowdown risks prevent BOJ tightening

  • US holiday Thu, caution ahead of weekend may prevent large moves in Asia Fri

  • Support 138.00-10, 137.65-70 strong, resistance 139.10-20, 139.50-60

  • For more click on FXBUZ



Source:
Refinitiv IFR Research/Market Commentary

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