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Aug 07 - 08:36 PM
USD/JPY - Limps Higher, Recovers From RBNZ Induced Shock
First appeared on eFXplus on Aug 07 - 06:30 PM
  • USD/JPY claws back ground after trading to 105.50 in NYK, a 8-month low
  • Markets gripped by global recession fears on escalating Sino-US trade feud
  • Havens JPY, XAU sought, risk mood in tailspin, c.banks rush to cut rates
  • Rate cuts from New Zealand, India, Thailand spur buying of long-dated bonds
  • Stocks, US yields bounce back, bargain hunting surfaces after sharp falls
  • China trade data, Philippine central bank meeting will be watched in Asia
  • Resistance 106.30-40, 106.60-70, 107.00-20; support 105.50-55, 105.00

U.S. Yield Curve: Click here

Source:
Refinitiv IFR Research/Market Commentary

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