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Sep 17 - 09:55 PM

USD/JPY - Steady In Asia As Traders Ponder On Rates Outlook

By Krishna K  —  Sep 17 - 09:05 PM
  • USD/JPY unchanged in quiet Asian trading as Japanese markets closed Monday

  • Supported by elevated U.S. yields on the higher-for-longer Fed rates mantra

  • U.S. 2-yr yield closed above Fri; no trading in Asia due to Japan holiday

  • Traders brace for c.bank rate decision this week; Fed on Wed, BOJ on Fri

  • Downside limited as traders expect no change to Fed-BOJ policy divergence

  • Resistance 148.00-10, 148.50, support 147.40,147.00; Fri range 147.95-147.35

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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