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Aug 17 - 04:55 PM

USD/JPY - Haven Yen Bid Outdone By Broad Dollar Demand, 109.76 Key Hurdle

By Randolph Donney  —  Aug 17 - 03:09 PM
  • Monday-Tuesday's lows by lower 30-day Bolli the base for Tuesday's gains

  • Demand for the haven yen outmatched by bigger Dollar demand

  • That as weak U.S. retail sales were shrugged off, Tsy yields firmed

  • Rebound faces Monday's EBS high and kijun hurdles at 109.75/76

  • Fed's Powell still talking about policy normalization nS0N2LF02D

  • Further Japan COVID restrictions, China angst not good for JPY

  • Still a choppy July-Aug range with cloud base at 110 near mid-range

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Source:
Refinitiv IFR Research/Market Commentary

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