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Jul 22 - 04:55 PM

USD/JPY - Recovery Stalled By Jobless Claims Miss, Tech Hurdles

By Randolph Donney  —  Jul 22 - 02:38 PM
  • USD/JPY capped by unexpected rise in new jobless claims nL1N2OY11Z

  • 110.36 high on EBS capped for 2nd day by kijun, 50% Fibo at 110.365

  • Drop on the claims miss, Tsy yields, stocks caught by bids protecting 110

  • Global PMIs out Friday, but focus starting to shift to Wed's Fed meeting

  • 61.8% Fibo, July 14 high at 110.67/70 eyed if Fed is optimistic nL1N2OY1K4

  • Rising cloud top and Wed's low at 109.85/80 are props if 110 gives way

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Source:
Refinitiv IFR Research/Market Commentary

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