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Jul 30 - 07:55 PM

USD/JPY - Touch Lower In Early Asia, All Eyes On JGB Yields

By Krishna K  —  Jul 30 - 06:15 PM
  • USD/JPY down 0.1% early, traders cautious after volatile moves on Friday

  • Early Asia range 141.20-140.90; Friday global range 138.05-141.20

  • USD recovers from BOJ YCC tweak dive as moves on JGB yields seen contained

  • Upside limited, BOJ move seen as 1st step on path to policy normalization

  • Waning U.S. inflation raises prospects of a Fed pause; NFP Aug 4 key

  • 10-yr Treasury-JGB yields spreads down 17bps Fri, will cap USD rallies

  • Moves on JGB yields and Nikkei to dictate direction in Asia

  • Resistance 141.20-30, 141.60, 142.00-10, support 140.20-30, 139.60-70

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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