Yen Gains on Hotter Japan Inflation Data While Dollar Slides; USD/JPY Seen Capped Ahead of 150 Barriers
• Japanese Yen sticks to gains after slightly hotter Japan inflation data revives BoJ policy shift bets
• US Dollar remains depressed amid sliding bond yields; focus on US PCE data for Fed rate cut cues
• USD/JPY upside seen limited ahead of 150.85-90 barrier; support at 150.00, 149.65-70 zones
• Weaker Japan GDP growth allows BoJ flexibility on policy pivot, capping near-term JPY strength
• US data in focus - Durable Goods, Consumer Confidence, Richmond Manufacturing Index out later Tuesday