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Aug 07 - 09:55 PM

USD/JPY - Bid On Fed Expectations - Key Resistance Around 136.00

By Andrew M Spencer  —  Aug 07 - 08:20 PM

  • +0.25% after jumping 1.54% Friday as Treasury yields surged

  • E-mini S&P -0.5% - Hawkish Fed comments nL1N2ZH1XZnCqtyKPZpa

  • CME FedWatch Tool prices a 75bp September hike at 68% from 28% on July 29

  • Japan PM Fumio Kishida to reshuffle the cabinet on Wednesday nL1N2ZI02F

  • Charts: bullish outside day closes back above the daily cloud

  • 134.89 Kijun line, 133.92 Tenkan line and 133.78 cloud top now support

  • 135.95, 61.8% of the July-August fall is initial resistance

  • Neutral setup but close above 136.03 21 day moving average would be bullish

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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