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Aug 02 - 08:55 PM

USD/JPY - Steady After Choppy Moves Offshore; JGB Yields Eyed

By Krishna K  —  Aug 02 - 07:15 PM
  • USD/JPY opens unchanged as dip buyers pounce on Wednesday's initial drop

  • Strong U.S. jobs data, higher yields support; 10-yr hits highest since Nov

  • Risk aversion to cap rallies as Wall Street drops on U.S. credit downgrade

  • Higher JGB yields likely to support JPY; 10-yr bond yield hits 9-yr high

  • Investors continue to test BOJ's tolerance for higher yields after YCC tweak

  • U.S. initial jobless claims, ISM services Thu, non-farm payrolls Fri key

  • Wed range 143.46-142.23; resistance 143.55-60, 144.00, support 142.20-30

  • For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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