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Aug 28 - 09:55 PM

USD/JPY - On Course For Test Of July High

By Krishna K  —  Aug 28 - 07:45 PM
  • USD/JPY gains 0.3% in early Asia after closing 0.85% higher on Friday

  • Boosted by rising US short-term yields; 2-year yield holds near 2-month high

  • Traders brace for higher-for-longer US rates as Powell unambiguously hawkish

  • Test of 24-year high at 139.38 a matter of time on Fed-BOJ policy divergence

  • Support 137.60-65, 137.30-35, resistance 138.40-50, 138.90-139.00

  • Related nL1N30219AnL8N30161N

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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