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Thomson Reuters
Sep 09 - 09:48 PM
USD/JPY - Buffeted By Global Trade Feuds And Rising US Yields
First appeared on eFXplus on Sep 09 - 07:25 PM
  • USD/JPY whipsawed as rising U.S. yields negated by trade feuds/ EM turmoil
  • Heightened Fed hike expectations for Sept & Dec contrast with dovish BOJ
  • JPY undermined as Treasury-JGB yield spreads widen on robust U.S. jobs data
  • Boosted as Trump shifts focus to Japan trade issues, ups ante on CN tariffs
  • Record China-U.S. trade surplus to add to trade tensions nL3N1VQ3AI
  • Daily close below 100-DMA @ 110.55 USD -ve ; resistance 111.25-30, 111.75-85

JPY: Click here

Source:
Thomson Reuters IFR Markets

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