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Oct 07 - 08:36 PM
USD/JPY - Rises With US Yields, Technical Buying Surfaces
First appeared on eFXplus on Oct 07 - 06:55 PM
  • USD/JPY rallies as strong base forms @ 106.48-55 leading to technical buying

  • Buyers encouraged as 106.47, 50% of 104.46-108.48 rally survives 3 days

  • Bounce in UST yields, US advisor Kudlow's optimism on trade talks support

  • Dep-level US-China talks kickoff in tense atmosphere, high-level talks Thurs

  • Fed's Powell speech later Tues, FOMC minutes Wed, US CPI report Thurs eyed

  • Resistance 107.48, 50% of 108.48-106.48 drop & 107.70; support 107.10-15


Central bank balance sheets: Click here

Source:
Refinitiv IFR Research/Market Commentary

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