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TDUX
Jul 19 - 08:55 PM

USD/JPY - Bid But Japan Holiday Heightens Intervention Risk

By Krishna Kumar  —  Jul 19 - 07:34 PM

• USD/JPY up 0.1% in Asia as U.S.-Iran conflict escalates

• U.S. renews Iran strikes; allies in the region report more Iranian attacks

• U.S. crude futures up 3% to a more-than-one month high, undermine JPY

• Traders remain on intervention alert with Japanese markets closed Monday

• Tokyo may exploit thinner liquidity to bolster the yen

• Japan to leave monetary policy tools to BOJ in economic blueprint-document

• Resistance 162.75-85, 163.00, support 162.00-10, 161.50-60

• Friday range 162.13-162.52, Asia 162.41-162.59
JPY:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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