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Aug 10 - 07:55 AM

USD/JPY - Cloud Top And July Highs The Bull Targets

By Peter Stoneham  —  Aug 10 - 05:44 AM
  • Early Tues action hinted at dollar fatigue but the bid is holding

  • Payroll data fallout and frothy yields abroad leaning on the JPY

  • The daily Ichimoku cloud contains with 109.65-110.73 parameters: EBS prices

  • However, cloud top and July failures, 110.59-110.70, now viable bull targets

  • JPY broadly under performing: EUR/JPY and GBP/JPY higher

  • Larger option expiries today to the downside, 109.65-110.00 total of $2

  • Outlook still favouring USD/JPY to 111.66 July peak nL1N2PH0CI

    For more click on FXBUZ







USD/JPY daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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