By Krishna Kumar — Mar 20 - 10:01 PM
• USD/JPY up 0.25%, buoyed by steady-for-longer Fed but resistances loom
• Upside limited as JP core CPI remains sticky, keeps alive BOJ rate-hike bets
• Trade war uncertainty and risk aversion likely to buoy JPY
• US-Russia talks on Ukraine war in Jeddah on Sunday is a risk event
• Test of initial resistance at 149.15-20 underway, more at 149.40 and 149.70
• Support 148.60, 148.15-20; Asia range 148.585-149.19
JPY:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters