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Mar 17 - 07:55 PM

USD/JPY - Rally Persists As US Yields Stay Elevated

By Krishna K  —  Mar 17 - 05:45 PM
  • USD/JPY well supported in early Asia after closing 0.45% higher Friday

  • Boosted by higher short-term U.S. yields; 2-yr yield up 24 bps last week

  • Sticky U.S. inflation raises doubts on timing and magnitude of Fed rate cuts

  • Focus turns to central bank rate decisions this week; BOJ Tuesday, Fed Wed

  • Japan union group announces biggest pay hikes in 33 yrs, presaging BOJ shift

  • BOJ to end negative rate policy on Tuesday, says Nikkei

  • Resistance 149.20-30, 149.90-150.00, support 148.40-50, 148.00-10

  • Friday global range 148.03-149.17

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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