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JPY: USD/JPY Gives Back Some Of Tuesday's Gain Ahead Of FOMC

JPY
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  • USD/JPY is giving back part of Tuesday's gains, with the pair now 0.70% at 141.44. The USD is broadly weaker against all G10 currencies as traders position for the upcoming FOMC meeting later tonight.
  • Key support is seen at 139.58 (Sep 16 lows), while resistance is 143.63 (20-day EMA).

  • US tsys yields are slightly lower, with short-end yields outperforming, the 2yr is -1.1bps at 3.594%. Market implied odds are now at 57% cut of a 50bps rate cut

     

     

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  • USD/JPY is giving back part of Tuesday's gains, with the pair now 0.70% at 141.44. The USD is broadly weaker against all G10 currencies as traders position for the upcoming FOMC meeting later tonight.
  • Key support is seen at 139.58 (Sep 16 lows), while resistance is 143.63 (20-day EMA).

  • US tsys yields are slightly lower, with short-end yields outperforming, the 2yr is -1.1bps at 3.594%. Market implied odds are now at 57% cut of a 50bps rate cut