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Aug 06 - 07:55 AM

USD/JPY's Upside Limited, U.S. Jobs Data Report Looms

By Martin Miller  —  Aug 06 - 05:40 AM
  • Dollar at one-week high as jobs test looms nL8N2PD2GV

  • USD/JPY has seen a 109.71-109.88 range on Friday, according EBS data

  • Further USD/JPY gains likely to be limited by thick daily cloud

  • Daily cloud that now spans 109.57-110.68 nL1N2PD0GW

  • USD/JPY going facing more resistance, especially pre-U.S. jobs report

  • It's August: dollar could suffer against yen nL1N2P80BU

  • USD/JPY and EUR/JPY has positive relationship, 30-day correlation +0.72

Daily Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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