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Mar 20 - 08:55 PM

USD/JPY - Soft As JPY Firms On Crosses; Japan CPI Sticky

By Krishna Kumar  —  Mar 20 - 08:08 PM

• USD/JPY eases slightly as Japan's Feb core CPI rises more than expected

• Japan Feb core CPI up 3.0% yr/yr vs 2.9% expected but down from 3.2% in Jan

• BOJ already cautiously hawkish, data will raise rate hike expectations

• Safe haven JPY resilient to broad USD strength Thu as Fed cites uncertainty

• EUR/JPY -2% from Tue high, had gained 6% from Feb low on German debt brake

• AUD/JPY down 0.85 Thu on soft Australian jobs data

• USD/JPY support at 148.20 and 147.92 which is 61.8% of 146.54-150.15 rise

• Resistance 148.90-149.00, 149.20; Thu range 148.18-148.955

• Asia Friday range 148.585-148.80
Fed officials see slow growth in Trump's 'golden age':


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

Source:
London Stock Exchange Group | Thomson Reuters

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