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Dec 12 - 10:55 PM

USD/JPY - Holds Near 2-Week High; Elevated US Yields Support

By Krishna K  —  Dec 12 - 09:35 PM
  • USD/JPY up 0.1% in Asia, pares gains after rising to a 2-week high of 152.96

  • Elevated U.S. yields underpin;10-year hovers near highest level since Nov 25

  • Dollar supported on expectations Fed will cut rates next week, then pause

  • Trimming back of bets for a BOJ rate hike next week weigh on JPY

  • Japan business mood improves slightly; tad positive for rate hike bets

  • Support 151.90-152.00, 151.50, resistance 153.00, 153.20-25, 153.66

  • Asia range 152.47-152.96

  • For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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