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TDUX
Sep 23 - 01:55 AM

USD/JPY - Firm As Bearish Yen Sentiment Persists

By Krishna Kumar  —  Sep 22 - 11:45 PM

• USD/JPY edges higher as hawkish Fed comments bolster rate hike bets

• Dip buyers prevail as BOJ seen lagging Fed in current tightening cycle

• Tokyo intervention resolve will continue to be tested; Japanese holiday Wed

• Oil's slide to a near 3-week low on Wed likely to offer some support for JPY

• Resistance 157.75-80, 158.00-10, 158.60-65, support 157.00, 156.50-60

• Asia range 157.42-157.66
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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