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Oct 19 - 05:55 PM

USD/JPY - Stalks 150 Hurdle With Treasury Yields Up, Risk-Off

By Content Admin  —  Oct 19 - 02:25 PM
  • USD/JPY was lifted by Tsy yields making L-T highs and haven USD buying

  • Yen's haven allure weaker amid relentless weakness vs dollar

  • Prices cleared up key TL and Fibo hurdles by 149.50 Wednesday

  • MoF intervention selling seen as a S-T risk on a 150 breakout

  • BoJ's ruled out tightening to help yen or MoF's intervention

  • Tues's 149.29-8.125 stealth slide quickly bought, new 32-yr highs since

  • Resistance beyond 150 is at 152.75 and 1990's 160.35 peak nL1N31K1AB

  • Need data to cause Fed pivot toward rate cuts to reverse the uptrend

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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