USD/JPY Softens Overnight Amid Dovish Comments
The USD/JPY currency pair traded in a tight range overnight, between 156.38 and 157.52, according to Societe Generale's FX team.
This was largely due to dovish comments from New York Federal Reserve President John Williams, as well as fiscal half-end repatriation flows.
The pair softened on US rate repricing, with support at 155 and resistance at 158.20.