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Jun 10 - 04:55 PM

USD/JPY - Fed Gets It Briefly Below Key Props By 107, US Yields, Stocks Eyed

By Randolph Donney  —  Jun 10 - 03:20 PM
  • USD/JPY was eyeing prior weekly lows & high @107.05-06 pre-Fed nL1N2DN15Y

  • Fed statement, SEPs trigger the current 106.99 EBS session low

  • Treasury yields erasing more of last week's NFP-topped rise

  • Powell's presser appears to short-circuit decent S&Ps rebound

  • USD rebounds slightly in risk-off mode as frothy risk assets get checked

  • A close below 107 would signal a test of 106.75 & cloud base at 106.45

  • Bulls need a close above the 107.28 cloud top to eye the 107.92 kijun

  • Weekly jobless claims the focus in U.S. trading on Thursday

Chart Click here

Source:
Refinitiv IFR Research/Market Commentary

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