Derived Data That Drive Results
By Krishna K — Aug 03 - 07:20 PM
USD/JPY starts on a cautious note in Asia after closing 0.6% lower Thursday
Inability to hold gains despite surging U.S. yields leads to profit-taking
Consolidation likely after pullback from new trend high of 143.89 to 142.07
Downside limited as widening U.S.-Japan yield differential supports USD
U.S. July NFP & average hourly earnings key for markets Fri; CPI next week
Support 142.00-10, 141.60-70, resistance 143.00-10, 143.50, 143.80-90
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Unemployed to job openings More jobs than jobseekers in the US: Click here
Source:
Refinitiv IFR Research/Market Commentary
