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Nov 12 - 05:55 PM

USD/JPY - Knocked Back With Treasury Yields By Bad Sentiment, Sales Data Next

By Randolph Donney  —  Nov 12 - 02:14 PM

  • USD/JPY well off Fri's 114.30 rebound high after Mich miss nL1N2S31LT

  • Tsy yield curve steepens as S-T rates back off on sentiment miss

  • USD/JPY so far holding above 10-DMA and tenkan at 113.70/51

  • Pre-w/e profit-taking after 112.73-4.30 intraweek rebound

  • Yen got small JGB yield boost on Japan's stimulus plan nL1N2S313H

  • Tues's retail sales & 5-yr Tsy's 1.30% resistance are pivotal

  • Need decent sales report, 1.3% breakout for USD/JPY breakout past 115

  • October and Nov 2017's highs at 114.695/74 on EBS first hurdles

  • Friday's 114.30 high is also Tuesday's largest options expiry

    For more click on FXBUZ


Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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