By Robert Fullem — Feb 05 - 02:18 PM
• USD/JPY settles above 152.11 day's low as Trsy yields stay pressured
• Fed rate cuts odds notch higher after a soft ISM services, Fed comments
• Nearby resist. is 200-DMA and 100-DMA at 152.73-80 and 153.37 cloud bottom
• Prior 151.92-94 double-top from Oct 2022 and Nov. 2023 is support
• A 38.2% Fibo retracement of Sept. to Jan run higher is eyed at 151.50
• Nikkei reported Trump, Ishiba meeting to empashize strong relations
• Crosses lower on rising expectations of BOJ hikes, cuts elsewhere
• Tokyo to eye current acocount data, weekly MOF flows
• BOJ board member Tamura Naoki also slated to speak
yen
(Robert Fullem is a Reuters market analyst. The views expressed are his own.)
Source:
London Stock Exchange Group | Thomson Reuters