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Aug 04 - 05:55 PM

USD/JPY - Struggles To Hold Above 106.00 As Bears Regroup

By Krishna K  —  Aug 04 - 05:25 PM
  • USD/JPY opens down 0.2% as rally struggles to maintain foothold above 106.00

  • Weighed down by falling U.S yields ; U.S.10-year yield falls to 5-month low

  • Traders wary of slow U.S. economic recovery, U.S. political uncertainty

  • Americans warned not to expect U.S. presidential winner on Election Night

  • W. House, Congress head toward new round of virus aid talks nL1N2F60BN

  • U.S. ADP & ISM non-manufacturing Wed, jobless claims Thurs, NFP Fri awaited

  • Support 105.40-50, 105.10-15, resistance 106.20-25, 106.40-45, 106.63-68

  • Related nL1N2F60QG

  • For more click on FXBUZ


U.S. Fed balance sheet and government bond yields: Click here

Source:
Refinitiv IFR Research/Market Commentary

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