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Jul 23 - 05:55 PM

USD/JPY - 106.57-63 Support Attracts As Risk Rally Tires

By Krishna K  —  Jul 23 - 05:15 PM
  • USD/JPY nears lower end of 106.60-107.60 range as global equities slump

  • Weighed down by U.S economic recovery doubts as virus case surgenL2N2ET1KN

  • Rising Sino-U.S. tensions, likely delay in passing U.S. virus aid bill weigh

  • JPY buoyed by p/taking on crosses; EUR/JPY pauses @ 124.30-50 resistance

  • APAC stock markets likely to dictate moves in Asia; Japan markets closed Fri

  • Support 106.60-65, 106.40, resistance 107.00-05, 107.25.30

  • For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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