USD/JPY likely to remain bid on dips after closing 0.95% higher Tuesday
Boosted by higher US yields on sticky inflation, higher-for-longer Fed rates
Growth in US labor costs accelerates in Q1; wages up 4.4% year-on-year
10-yr yields up 49.6 bps in April, largest monthly gain since September 2022
US 2-yr yields hit highest since Nov as focus turns to Wed Fed rate decision
Quagmire anyone? Fed watchers try to divine a confusing state of play
USD to ratchet higher; Japan slows JPY drop, unlikely to fight gradual fall
Japan may have spent some $35.05 bln in supporting JPY on Monday
Resistance 158.00-05, 158.50, support 157.20-30; Tue range 156.08-157.81
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