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TDUX
Aug 02 - 09:55 PM

USD/JPY - USD/THB Pressured By Lower USD/JPY, Oil Prices Slip

By Catherine Tan  —  Aug 02 - 08:28 PM

• USD/THB opens little changed despite broad USD fall on JPY intervention

• Japan confirms joint yen intervention with US, signals readiness for more

• USD/THB traded 33.40-33.53 range in NY, last at 33.42

• Supports at 33.30, 33.20, resistance at 33.50, 33.60 intraday

• Lower oil prices and bearish techs likely to add to selling pressure

• Brent crude last -4.57% to $83.91/bbl; WTI -4.71% to $80.70/bbl

• Trump says US will hold off on fresh Iran attack in hope of quick deal

• Eyes on stocks - rally on Wall Street to boost sentiment

• DXY traded 99.65-100.45 range on Friday, last at 99.75
THB


(Catherine Tan is a Reuters market analyst. The views expressed are her own.)

Source:
London Stock Exchange Group | Thomson Reuters
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