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Thomson Reuters
Aug 06 - 03:48 PM
USD/JPY - Uptrend Bides Its Time Above 55-DMA, Awaiting News
First appeared on eFXplus on Aug 06 - 02:30 PM
  • USD/JPY held in a tight 37 pt range above Fri's 111.11 low
  • Trade war woes not risk-off enough for 55-DMA test @110.66
  • JPY torn by trade woes: CNY drop hits Asian ccys, but is risk-off
  • Tsy yields not firm enough to spur test of 61.8% at 112.19
  • No major US econ news until CPI Fri, JP GDP that day too
  • Keep an eye on L-T JGB yields rise after BOJ's curve steepening

Chart: Click here

Source:
Thomson Reuters IFR Markets

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