Derived Data That Drive Results
By Krishna K — Aug 18 - 09:35 PM
USD/JPY eases as initial demand fades, sellers cap rally at 148.00-05
Undermined by dovish weekend comments from Fed officials Daly and Goolsbee
Rising Fed rate cut optimism will continue to weigh; Powell Fri speech eyed
Japan July inflation data on Fri key, may show inflation likely picked up
Will support another near BOJ rate hike as Japan's economy rebounds strongly
CFTC data shows that speculators now long JPY, 1st time since March 2021
Support 147.40.50, 147.00-10, resistance 148.30-40, 148.90-149.00
Asia range 148.05-147.47
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Source:
Refinitiv IFR Research/Market Commentary
