By Krishna K — Nov 28 - 05:20 PM
USD/JPY likely to consolidate in Asia after closing 0.25 higher on Thursday
Traded in a well supported 150.94-151.95 range after sharp drop this week
JPY has gained 2.1% this week, best weekly showing in 3 months
Boosted by BOJ Dec rate hike expectations, safe haven buying on tariff fears
Moves likely to remain muted as volumes dwindle due to U.S. holiday Thursday
Tokyo Nov CPI, Japan retail sales, unemployment rate, indl output due Friday
Support 151.00-05, 150.45-50, resistance 151.90-152.00, 152.50
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Source:
Refinitiv IFR Research/Market Commentary