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May 06 - 01:55 AM

USD/JPY - Pares Some Losses As Markets Settle After Wild Swings

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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