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Sep 12 - 08:36 PM
USD/JPY - Resistance Vulnerable As US Yields Continue Rally
First appeared on eFXplus on Sep 12 - 07:00 PM
  • USD/JPY continues to test resistance @ 108.12-17 on US-China trade optimism
  • High of 108.19 trades as US 10-year yields hit 5-week highs on +ve risk mood
  • 100-DMA @ 108.12 Fri, daily close above bullish; 76.4% of Aug drop at 108.17
  • Focus shifts to US retail sales Friday, Fed, BOJ meetings next week
  • BOJ considering ways to deepen negative rates at minimal cost nL3N2630UV
  • Break of resistance opens 108.43, 50% of April-August drop
  • Support 107.85-90, 107.50-55; markets remain wary of trade headlines

jpy: Click here

Source:
Refinitiv IFR Research/Market Commentary

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