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Expect USD To Firm Against JPY, CHF

Forex News Expect USD to firm against low yielders on more recent supportive signs such as rebounding U.S. Treasury yields, firmer equities markets in past week, lower commodities prices and foreign inflows, BNP Paribas strategists say. Expect USD/JPY support at 106.20, USD/CHF support at 1.0145. USD/JPY resistance likely at 107.10. "If the rally in financials continues in the very near term we could see some near-term support to USD/JPY." Notes also inflation pressure building up. USD/JPY last 106.49, USD/CHF 1.0177.




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