By Peter Stoneham — Aug 11 - 06:25 AM
Yen licking its wounds following Thursday's drubbing
Tight USD/JPY price action: 144.56-144.89 the range so far
Yen hit a 5-week low on widening U.S.-Japan yield differentials Friday
USD/JPY high of 144.89, just shy of the 2023 145.07 high from Jun. 30
Close above 145.07 could bring 76.4% of 2022-23's drop at 146.11 into play
Dollar eyes a long-term retracement level versus the yen
EUR/JPY hits 15-year high as carry trade demand shapes EUR gains
Traders on BOJ intervention watch; markets illiquid: Japan holiday Friday
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Source:
Refinitiv IFR Research/Market Commentary