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Dec 27 - 04:55 PM

USD/JPY - REFILE-BUZZ-USD/JPY Eases As Risk Appetite Sours

By Robert Fullem  —  Dec 27 - 01:50 PM

Corrects spelling in line 8

  • USD/JPY is set to post a modest loss within a narrow 157.35-157.96 EBS range

  • Decline comes amid steeper Trsy yield curve, slide in US equity indexes

  • Turnover is below the recent daily average; year-end USD buying buoys

  • Eight-day run of higher lows keeps pair close to overbought territory

  • Fails to top the key 158 level after Fin Min Kato warnings about weak yen

  • Some speculation about BOJ Jan. hike after Dec. meeting minutes, Tokyo CPI

  • Central bank will cut monthly JGB purchases by another 410b yen per month

  • Yen crosses mixed; EUR/JPY retreats from 200-DMA at 164.69

  • Support 157.09 Dec 26 low; resist. 158.45 April 26 high above Thsy's 158.09

  • Final JibunBK mfg PMI for Dec. released Monday

For more click on FXBUZ

Source:
London Stock Exchange Group | Thomson Reuters

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