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