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Jul 02 - 08:55 PM

USD/JPY - Shows Little Reaction To US Data As Ranges Hold

By Krishna K  —  Jul 02 - 07:15 PM
  • USD/JPY fails to make much headway despite robust U.S. jobs datanL1N2E82LC

  • Trades in a relatively narrow range of 107.34-107.72 on Thursday

  • Rise limited by concerns about surging COVID-19 cases in many U.S. states

  • Buoyant risk mood supports; S&P 500 registers gains of 4% this week

  • U.S. holiday Fri dampens trading activity; muted activity likely in Asia too

  • Support 107.30-35, 107.04-12; resistance 107.70-75, 107.95-108.00

  • For more click on FXBUZ


Payrolls: Click here

Which sectors gained jobs in June?: Click here

Source:
Refinitiv IFR Research/Market Commentary

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