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Nov 28 - 05:55 PM

USD/JPY - Consolidation Likely To Continue, Tokyo CPI Key

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

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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