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Thomson Reuters
Mar 01 - 06:12 AM
USD/JPY - Surge In Treasury Yields Puts USD/JPY Bulls In Control
First appeared on eFXplus on Mar 01 - 04:00 AM
  • Dollar scales multi-week high vs yen on upbeat U.S. GDP nL3N20O1O2
  • The 10-year UST-JGB spread continues to wider, underpinning USD/JPY
  • On Thursday USD/JPY saw its 1st close above 200-DMA in 2019, boosting bulls
  • The initial focus is on the 112.08 Fibonacci level nL1N20O072
  • Spot has seen a 111.33-111.92 range on Friday, according to prices on EBS
  • New month means offers have receded clearing the upside path nL1N20N09L

UST-JGB vs USD/JPY Daily Chart: Click here

Source:
Thomson Reuters IFR Markets

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