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Jul 23 - 09:48 PM
USD/JPY - Rises With US Yields, Boosted By Positive Risk Mood
First appeared on eFXplus on Jul 23 - 07:30 PM
  • USD/JPY bolstered by rally in US yields and buoyant risk mood on trade hopes
  • Supported as US interest rates still best in DM despite possible Fed easing
  • US-China trade optimism boosts risk mood, underpins nW1N23501I
  • IMF lowers global growth outlook but raises US growth forecast
  • Markets brace for upcoming ECB, BOJ, Fed meets; global PMIs Wed, US GDP Fri
  • Resistance 108.30-35, 108.57-61; support 108.00-10, 107.80

global_trade: Click here

Source:
Refinitiv IFR Research/Market Commentary

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