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Sep 01 - 05:55 PM

USD/JPY - Spikes Up To New 24-Year Highs On Strong Labor Data Before NFP Friday

By Content Admin  —  Sep 01 - 03:10 PM
  • USD/JPY past prior 24-yr peak at 139.38 and big 140 trading target

  • U.S. layoffs, claims, ISM data all point to tight labor mkt nL1N30813F

  • Dims soft new ADP reading angst pre-Fri's NFP, sends yields, USD higher

  • Current high at 140.225 on EBS and above 140 ahead of the NY close

  • Prices again bumping into the rising upper 10-day Bolli and ATR high

  • If NFP are near or above 300k forecast would eye a 143.97 Fibo off Aug low

  • Thur's 139.00 low is now a solid base unless NFP miss badly

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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