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Aug 29 - 08:55 PM

USD/JPY - Stays Bid As Elevated US Yields Support

By Krishna K  —  Aug 29 - 06:45 PM
  • USD/JPY opens 0.8% higher as traders brace for higher-for-longer US rates

  • U.S. 2-year yield hits highest in 15 years Mon, 10-year yield rises 8bps

  • Chances of Fed hiking rates by 75 bps in Sept now at 75%, up from 57% Friday

  • Test of 24-year high at 139.38 a matter of time on Fed-BOJ policy divergence

  • 140.00 vulnerable if Friday U.S. jobs report beats expectations nL1N3050SO

  • Resistance 139.00-05, 139.40, 139.90-140.00, support 138.25-30, 137.70-80

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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