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Aug 16 - 07:55 AM

USD/JPY - Bear Reversal Holding; Targets Aug 4 Low

By Peter Stoneham  —  Aug 16 - 06:20 AM
  • Three day reversal holding and looks to the 108.73 August 4 low point

  • Dollar in trouble if the August low gives nL1N2PN0IV

  • Thin market favouring the JPY in holiday thinned conditions

  • Europe leaves a 109.75 Asian high behind: 109.30 low recorded (EBS pricing)

  • Bids are touted between 109.20 and 109.30: option expiries 109.15-30 today

  • US consumer sentiment fall and Delta spread could de-rail Fed normalization

  • UST yields off their early low but still down on the day: 10s at 1.268%

    For more click on FXBUZ







USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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