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Jul 28 - 11:00 PM
USD/JPY - Holds Near Highs In Circumspect Start To Busy Week
First appeared on eFXplus on Jul 28 - 06:10 PM
  • USD/JPY consolidates near Fri 108.83 high as traders brace for eventful week
  • BOJ, Fed, US-China trade talks, US NFP, PCE, China PMI data on agenda
  • Underpinned by robust US GDP Fri which dims hopes of aggressive Fed easing
  • Post-ECB market calm gives BOJ room to keep policy steady nL4N24R07H
  • C.bank may tweak forward guidance but some in bank opposed nL4N24R07H
  • Resistance 108.90-109.00, support 108.30-40; 107.50-109.00 range rules

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Refinitiv IFR Research/Market Commentary


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