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Oct 04 - 09:55 PM

USD/JPY - 145/146 Proving Resilient, As Yield Spreads Close

By Andrew M Spencer  —  Oct 04 - 07:35 PM

  • -0.05% early after closing down 0.3% with the U.S. dollar broadly lower

  • The USD fell, but Treasury yields only edged lower, supporting USD/JPY

  • A seventh day of choppy consolidation below 145/146 BoJ intervention level

  • If UST yields continue to consolidate or ease, 145/146 a potential top

  • Charts; rising Kijun line held on BoJ intervention - pivotal 142.09 support

  • New York 144.94 high is first resistance then Monday's 145.40 peak

  • Late New York 143.90 low then 143.58 Tenkan line are initial supports

  • Broad 143.00-146.00 range viable this week unless there is major news

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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