USD/JPY unchanged in Asia, gives up gains after rallying to 141.25 in Asia

Sellers pounce on rally as bears dominate on aggressive Fed cut bets

Chances of 50-bp Fed cut Wed at 67%, 120 bps of cuts priced in by Dec 2024

Slide to 140.42 follows but jawboning from Japan finance minister stems drop

Japan to analyse impact of stronger yen, finance minister says

Perception that dovish Fed expectations overdone may slow USD decline

Resistance at 141.67-141.75, previous lows; support 140.40-45, 139.90-140.00

Strong support at 139.28, 38.2% retracement of 2021-24 rally

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