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Oct 07 - 04:55 PM

USD/JPY - Up With Treasury Yields, Risk, But NFP Wait Limits Moves

By Randolph Donney  —  Oct 07 - 02:42 PM
  • USD/JPY up modestly on Tsy yield curve steepening, stocks rise

  • 5-yr yield spreads back up by March 2020 highs pre-NFP

  • Good jobless claims, ADP nice mood music for payrolls Friday

  • Fed seen proceeding with tapering after Nov meeting sans a NFP debacle

  • Strong but not overly inflationary data would be best for USD/JPY

  • Pandemic recovery, 2020 and 2021 highs eyed above at 112.08/23/40

  • If cleared, the 2018 high at 114.55 on EBS by L-T Fibo is a M-T target

  • Key support at week's 110.82 low, Aug high and 38.2% Fibo at 110.80

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Refinitiv IFR Research/Market Commentary


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