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Aug 20 - 07:55 AM
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USD/JPY - Under Pressure As US Treasury Yields Dominate
By Martin Miller — Aug 20 - 05:51 AM
• Dollar struggles as Treasury moves to soothe bond jitters
• Broad USD weakness following Treasury news sent USD/JPY down from 159 handle to 158
• USD/JPY's big Wednesday setback, closed back below cloud that now spans 158.92-161.59
• Spot failed to sustain the recent break above 159.60 Fibo, a bearish signal
• It has seen a 158.03 to 158.72 range, on Thursday, according to EBS data
• USD/JPY and EUR/JPY usually struggles in August
Daily Chart
(Martin Miller is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters