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Aug 16 - 09:55 PM

USD/JPY - Boosted By Buoyant US Yields But Broad Range Holds

By Krishna K  —  Aug 16 - 07:40 PM
  • USD/JPY buoyant in early Asia after closing 0.7% higher on Tuesday

  • Boosted by higher US yields on expectations Fed will maintain hawkish policy

  • Robust data from American retail giants lifts risk sentiment, boosts USD

  • Walmart nudges up annual profit forecast, Home Depot sales liftsnL8N2ZS4V1

  • Fed minutes of July rate meeting & US retail sales Wednesday keenly awaited

  • Broad 130.50-135.50 range likely to hold ahead of Jackson Hole August 25-27

  • Resistance 134.65-70, 135.00-05, 135.25-30, support 133.85-80, 133.45-50

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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