By Randolph Donney — Jun 29 - 02:40 PM
Early 137 peak on EBS amid broad USD and early energy price gains
The new 24-year high also right at major 137 options expiries
Initial bid on Fed, ECB comments nL1N2YG1C9 faded as risk came off
Markets worried Fed's inflation fight could end with recession
Tsy yields and stocks slipped, weighing on USD, helping haven yen
Buyers found near Tuesday's 136.38 high, early NY lows Wednesday
Thur's U.S. PCE, income, spending and saving the next event risk
Claims eyed for any unexpected upward movement
Close above 137 would open door 161.8% Fibo off 2021's low at 138.62
Next major historical hurdle is at 139.90, 140 a big target for some
Decent support at 10-DMA, last at 135.34, rising tenkan at 134.58
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Source:
Refinitiv IFR Research/Market Commentary