USD/JPY recovers in Asia after sharp fall in NYK on suspected intervention
Rallies to 155.35 from NYK low of 153.00 as bargain hunters step in
Wednesday range 157.99-153.00, Thursday Asia range 154.15-155.35
Rapid 157.58-153.00 post-Fed drop occurred at NYK close/ Wellington open
Japan had said stands ready to deal with FX matters around the clock
Picked right time; market thin and Fed was not as hawkish as feared
Fed keeps rates unchanged, flags 'lack of further progress' on inflation
Traders relieved as Powell said rate increases remained unlikely
Initial resistance at 155.50-70; 155.76 is 38.2% of 160.24-153.00 drop
Support at 154.00-20, 153.00, 152.61, the 38.2% Fibo of Dec-April drop
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