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Jul 29 - 09:48 PM
USD/JPY - Strides Confidently Into Risk Events
First appeared on eFXplus on Jul 29 - 07:05 PM
  • USD/JPY continues to exert pressure on 108.90-109.00 resistance ahead of BOJ
  • Perception US economy on more solid footing than rest of the world underpins
  • Growing view that Fed rate-cut bets too aggressive supports
  • BOJ faces test Tues in keeping up with dovish lean of Fed, ECB nL4N24U1MP
  • Japan factory output, jobless rate data due Tues; US-China trade talks start
  • Resistance 108.90-109.00, support 108.30-40; over to BOJ

Reuters Poll: What should the Fed do in July? png: Click here

Source:
Refinitiv IFR Research/Market Commentary

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