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Aug 02 - 09:55 PM

USD/JPY - USD/KRW Shakes Off Bearish Impressions, Helped By USD/JPY

By Ewen Chew  —  Aug 02 - 08:20 PM
  • USD/JPY opened 1194.2, firms up to 1195.2 as Kospi -0.4%

  • Sharp USD/JPY rebound on Japan's MOF comments lifts USD/AXJ

  • Japan's MOF jawbones after rapid appreciation of yen

  • USD/KRW tentatively steers out of Bollinger downtrend channel

  • Entrance of channel at 1194.5 could prop up intraday

  • If USD/KRW ends above 200 DMA at 1197.1, further upside possible

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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