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Jul 02 - 08:36 PM
USD/JPY - Lower As Havens Back In Demand On Trade Scepticism
First appeared on eFXplus on Jul 02 - 07:05 PM
  • USD/JPY gives back US-China trade truce related gains as pessimism returns
  • Investors turn sceptical on trade deal progress, worry over lack of details
  • US threat to impose additional tariffs on European goods weighs
  • Weak EZ & US economic data fuel concerns on global growth, spark JPY buying
  • 107.50-108.50 consolidation likely ahead of US holiday Thursday, NFP Friday
  • Support 107.65, 107.45-50, resistance 108.10-20; trade the range

Manufacturing slowdown: Click here

Source:
Refinitiv IFR Research/Market Commentary

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