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Apr 28 - 11:55 PM

USD/JPY - Inches Higher On Profit Taking, Upside Limited

By Krishna Kumar  —  Apr 28 - 10:06 PM

• USD/JPY rallies 0.3% in Asia on profit taking after sharp drop Monday

• Illiquid market exacerbates move; markets in Japan closed Tuesday

• Upside limited as lower U.S. yields and "Sell USA" mood undermine USD

• Uncertainty surrounding tariffs, negative outlook on U.S. economy weigh

• U.S. jobs, GDP data, mega-cap earnings, U.S.-Japan trade talks key this week

• BOJ rate decision Thu, expected to keep rates steady, warn of tariff risks

• Support 141.95-142.00, 141.45-55, resistance 142.60--70, 142.90-143.00

• Asia range 142.03-142.43
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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