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Jul 04 - 08:55 PM

USD/JPY - Eases Slightly In Early Asia, Downside Limited

By Krishna K  —  Jul 04 - 07:03 PM
  • USD/JPY under slight pressure to start the week after declining 0.5% Friday

  • Falls from 15-mth 111.66 peak touched after mixed U.S. jobs datanL2N2OE1OW

  • Data won't force Fed to unwind easy money policies earlier than expected

  • Fed June meeting minutes Wed eyed after last month hawkish shiftnL2N2OE2GX

  • Suga's LDP falls short in Tokyo election seen as key test of voter mood

  • Support 110.70-75, stronger at 110.40-50; resistance 111.35-40, 111.60-65

  • Related nL2N2OG00M

  • For more click on FXBUZ


"Substantial further progress" for the Fed?: Click here

Source:
Refinitiv IFR Research/Market Commentary

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