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Feb 05 - 03:55 PM

USD/JPY - Stays On Back Foot After U.S. Data

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

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