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Aug 31 - 04:55 PM

USD/JPY - Rebounds To Midrange On Prospects For More Abenomics

By Randolph Donney  —  Aug 31 - 03:00 PM
  • USD/JPY recovered half of Friday's Abe news driven dive at 106.07

  • Upside limited by Treasury yield slip post Clarida nL1N2FX0P0

  • Yen still a favored sell on crosses, new EUR/JPY high nL1N2FX13U

  • But massive euro spec longs, EUR/USD's 1.20 hurdle, eyed

  • Might take great ISM and NFP data to get USD/JPY past resistance by 107

  • Otherwise Fed flexibility, falling cloud cover will cap rallies

  • Bears need a sub-105 close to claim control on the trend

  • Market to keep tabs on next likely Japanese PM, Suga now in the race

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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