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Aug 25 - 05:55 AM

USD/JPY - Gripped By Market Indecision Ahead If Jackson Hole

By Peter Stoneham  —  Aug 25 - 03:57 AM
  • Demand good into Gotobi Tokyo fix, takes heat out of Tues move

  • Overall, range bound market: 108.73-110.80 on the very wide (EBS prices)

  • Tighter parameters, 109.50 to 110.00: exporters noted on top

  • Range-bound action likely till Jackson Hole, Powell talk Friday

  • Tough call as risk sentiment and Fed taper drive dollar moves

  • Risk sentiment and U.S. yields drive the yen

  • USD/JPY mirrors moves in US yields, Tsy 10s range 1.2830-1.304% so far

    For more click on FXBUZ







USD/JPY daily Ichimoku chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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