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Aug 20 - 08:55 PM

USD/JPY - Recovery Runs Out Of Steam On Lower US Yields

By Krishna K  —  Aug 20 - 07:00 PM
  • USD/JPY opens down 0.3%; short-covering rally subsides on lower U.S. yields

  • U.S. 10-year yields down 2.4 bps on higher-than-expected U.S. jobless claims

  • Strong risk appetite on global economic recovery hopes undermines haven USD

  • U.S. political uncertainty nL1N2FL0XF, delay in virus aid package weigh

  • POLL-Pandemic to hit Japan's economy more than expected nL4N2FF0FL

  • Resistance 106.00-05, 106.20-25, 106.50, support 105.65-70,105.40-45, 105.10

  • For more click on FXBUZ


Japan core inflation is sagging: Click here

Source:
Refinitiv IFR Research/Market Commentary

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