• 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)