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Thomson Reuters
Aug 01 - 03:48 PM
USD/JPY - And Crosses Tripped Up By BOJ Steepening, Steady Fed
First appeared on eFXplus on Aug 01 - 02:30 PM
  • USD/JPY's post-BOJ rebound undone by o/n JGB dive on BOJ steepening
  • Pair falls after nearing 61.8% of late July dive at 112.19
  • JPY also helped by risk-off vibe, fanned by fresh trade worries
  • Placeholder FOMC before expected Sep and Dec hikes is no help
  • USD/JPY bulls waiting for US jobs data and WH trade news updates
  • Uptrend intact above 110.63 55-DMA; 113.20-30 key resistance

Chart: Click here

Chart: Click here

Source:
Thomson Reuters IFR Markets

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