By Krishna K — May 05 - 11:40 PM
USD/JPY +0.5% in Asia as bargain hunters step in after large drop last week
Technical buying cited after 61.8% Fibo of Dec-March drop at 151.74 held Fri
Traders wary as Japan's Suzuki Fri said may need to smooth excessive moves
Yellen counsels caution on currency intervention after yen surge-Bloomberg
Japan off Mon, traders watchful as MOF intervened in thin markets last week
Upside limited, softer-than-expected jobs data revives Fed rate expectations
Resistance 154.00-10, 154.40-50, support 153.30-35, 152.80-90
Asia range 152.75-153.97
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Source:
Refinitiv IFR Research/Market Commentary