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Aug 18 - 08:55 PM

USD/JPY - Advances Steadily As Pivotal Resistance Yields

By Krishna K  —  Aug 18 - 07:15 PM
  • USD/JPY on a firm footing in Asia after closing 0.65% higher on Thursday

  • Boosted by broad USD rally as Fed officials remain steadfastly hawkish

  • Fed united on need for higher rates, divided over how high nL1N2ZU1MK

  • USD uptrend reset as pivotal resistance at 135.50-60 yields on 3rd attempt

  • 135.95, 61.8% of 139.38-130.40 drop & option expiries at 136.00 vulnerable

  • Clear break opens 137.25-137.45 in stages; support 135.50-60, 135.00-10

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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