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TDUX
Oct 08 - 09:55 PM
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USD/JPY - Drifts Higher On Risk Aversion; Upside Limited

By Krishna Kumar  —  Oct 08 - 09:09 PM

• USD/JPY up 0.15% in Asia after finding support near 157.50 on Thursday

• Supported by higher oil prices, tech selloff; Nasdaq closed down 1.25%

• US crude closed 2.8% higher after 5.5% surge on Middle East tensions

• Japan August household spending falls 3.1% year/year

• Japan reboots DOGE-style spending review to fund Takaichi pledges

• Japanese markets and US bond markets closed Monday; Asia range 157.85-158.14

• Thu range 157.51-158.37; resistance 158.40-50, support 157.50, 157.00
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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