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Aug 12 - 04:55 PM

USD/JPY - Set For A Bullish Close, But July High Awaits U.S. Data

By Randolph Donney  —  Aug 12 - 02:45 PM
  • USD/JPY eyeing close above 106.65, 61.8% Fibo of July's slide

  • July's high and 200-DMA at 108.16/15 targets after a 106.65+ close

  • 107.015 EBS high came after U.S. upside CPI surprise nL1N2FE0N6

  • Quiet range trading since then as 10-Tsy yields slip post-auction

  • BOJ's YCC leaves USD/JPY mostly at mercy of Treasury yield shifts

  • Mid-July range top, ABC at 107.57/58 are interim targets nL1N2FE15X

  • Big 106.70-7.35 expiries Thursday, claims and retail sales may tether

  • But eventual run up into the cloud & July highs looks likely

For more click on FXBUZ


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Source:
Refinitiv IFR Research/Market Commentary

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