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Thomson Reuters
Aug 02 - 03:48 PM
USD/JPY - Recovers With Stocks, Oil From Trade-Related Slide
First appeared on eFXplus on Aug 02 - 02:25 PM
  • USD/JPY dragged down by trade-war haven flows to 111.31(EBS)
  • USD, broadly higher, finally takes USD/JPY off low by 200-HMA
  • US stocks and oil rebound strongly to overcome derisking sales
  • Rising 55-DMA & 61.8% at 110.75-2.19 into U.S. Jobs report
  • Eyes on rising L-T JGB yields, falling CNY & trade news

Chart: Click here

Source:
Thomson Reuters IFR Markets

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