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