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Aug 24 - 04:55 PM

USD/JPY - Marginal Gains As Treasury Yields Firm Into Supply, Pre-Powell

By Randolph Donney  —  Aug 24 - 02:40 PM
  • USD/JPY off its 105.685 EBS low as Treasury yields firm before auctions

  • Tight range below the 10-day moving average & Thursday's 106.21 high

  • Some focus on Republican convention, but Powell is key Thur nL1N2FQ0NA

  • Week's biggest options expiries are at 105, reinforce last week's low

  • Major resistance is clustered near 107, but crosses look more lively

  • Tuesday's IFO is the next test for 9-week EUR/JPY bull run nL1N2FQ0SY

    For more click on FXBUZ

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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