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Aug 15 - 01:55 AM

USD/JPY - Soft With Commodities As Asian Data Misses Forecasts

By Andrew M Spencer  —  Aug 15 - 12:00 AM

  • -0.35% amid safe haven flows - AUD/JPY -0.65%, EUR/JPY -0.3%

  • Japanese data improved but missed economists expectations nL4N2ZO03Q

  • China IP and retail sales data surprised on the downside nL4N2ZO0XF

  • Soft Asian data will undermine sentiment offshore - E-mini S&P -0.3%

  • Commodities are lower, Brent -0.95%, U.S. copper -1.25%, Dalian iron -1%

  • USD/JPY trades within the usually resilient 132.06-135.17 daily cloud

  • Cloud base held last week, close below cloud would be first since September

  • Close below the 132.06 cloud would be a strong bearish signal

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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