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Aug 16 - 04:55 PM

USD/JPY - Dollar Slides With US Yields As USD/JPY Retests 148

By Justin Mcqueen  —  Aug 16 - 01:05 PM
  • USD/JPY dragged lower with U.S. yields to retest prior range top

  • Traders show little desire to take USD/JPY to 150 despite risk rally

  • Near-term support at 147.22 (pre-retail sales level) and 146

  • A break through 146 would likely accelerate bearish momentum

  • Resistance at 149.50-150 and above at 151.50-152

  • Eyes on BoJ's Ueda and Fed's Powell nL1N3K30O1

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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