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Sep 01 - 04:55 PM

USD/JPY - Like Two Peas In A Pod, Insulated From Broad Dollar Swings

By Randolph Donney  —  Sep 01 - 03:10 PM
  • USD/JPY roughly in the middle of Friday's Abe news-driven 105.20/6.94 range

  • Cleared Mon's 106.09 EBS high by 50% of Fri's drop on ISM beat nL1N2FY0Z4

  • Minor pullback as Treasury yields fell despite the solid ISM data

  • Remains stuck in roughly a 105-107 range, but seasonals a plus nL1N2FM1DV

  • Suga seeming set to replace Abe as PM eases risk-off yen demand, too

  • Falling cloud and 55-DMA by 106.32/53 on Wednesday pre key hurdles by 107

  • Overbought yen crosses see yen rebounding along with USD's oversold bounce

  • Focus Wednesday is on ADP, Williams & Mester speeches and the beige book

  • Claims and non-mfg ISM Thursday are key before Friday's payrolls report

  • For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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