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May 04 - 07:55 PM

USD/JPY - Bid Into Asia But Rising Risk Aversion To Cap Rally

By Krishna K  —  May 04 - 05:44 PM
  • USD/JPY opens +0.2% higher, USD steals march over JPY as risk aversion rises

  • Supported as Yellen comments on U.S. interest rates trigger stocks sell-off

  • Treasury's Yellen: Interest rates may need to rise modestly nL1N2MR1GQ

  • USD likely to remain well bid ahead of U.S. jobs data on Friday

  • Standard chartered eyes possible rise of more than 1.5 mln jobs

  • Resistance 109.65-75, support 108.90-109.00; trade a 108.60-109.60 range

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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