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Jul 17 - 03:48 PM
USD/JPY - Softer With UST Yields As Fed Cut Odds Rise
First appeared on eFXplus on Jul 17 - 01:40 PM
  • USD/JPY ends NY -0.14% at 108.09, Wed range 108.33-108.06
  • Falling UST yields, narrowing US-JP bond spreads weigh on USD RVSP, RVMM
  • USD/JPY mid-range as Fed easing weighed against its effect
  • Weak U.S. housing data, lingering glbl trade & growth issues weigh on USD
  • USD/JPY res just above 10-DMA 108.30, supt by 107.80 recent low area

JPY Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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