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Sep 09 - 04:55 PM

USD/JPY - Kept Aloft By Stocks, Yields Bounce, But Still Soggy

By Randolph Donney  —  Sep 09 - 02:55 PM
  • USD/JPY off week's low with stocks, Treasury yield bounce

  • But this is also the 4th straight day with lower highs

  • Action mostly in crosses as risk rebounded nL1N2G60VCnL1N2G60SI

  • GBP/JPY also reversed after key support breaks caught by the cloud

  • USD/JPY needs a close above 55-DMA at 106.47 last to eye 107 range top

  • Might need Fed to break the Aug-Sep 105-107 range nL1N2G619B

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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