USD/JPY falls to weekly low, Fed 50bp cut odds jump
Yen rallies through 145 vs USD to test weekly low (144.46)
Daily close is key given failed attempts to hold below 145
Near-term support at 144 but a break opens up the Aug lows (141.70)
On the topside, the round numbers (145, 146, 146.50) should offer resistance
50bps cut odds up to 38% from 26% 0#FEDWATCH. NFP to determine size
COMMENT-Powell put reactivated nL1N3KA0N9
COMMENT-BoJ tightening looks underpriced nL1N3KA0G6
For more click on FXBUZ
USDJPY hourly chart https://tmsnrt.rs/3ySmZrq
(Justin McQueen is a Reuters market analyst. The views expressed are his own.)
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