By Krishna K — Apr 12 - 06:55 PM
USD/JPY gains slightly in early Asia on BOJ governor Ueda's dovish comments
BOJ will continue monetary easing until price target is stably achieved-Ueda
Dollar had declined 0.4% Wed on cooling U.S. inflation, lower U.S. yields
Fed minutes of March meeting sparked recession fears, weighed on USD
But chances of 25 bps Fed May rate hike still 71% as core inflation sticky
Dovish comments help stabilize dollar on Fed-BOJ policy divergence
Wednesday range 134.04-132.74, Asia Thursday range 133.28-133.06
Support 132.75-80, 132.35-40, resistance 133.40-50, 134.00-10
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Source:
Refinitiv IFR Research/Market Commentary